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Committee releases technical estate‑and‑trust bill clarifying enforcers, beneficiaries and jurisdiction
Summary
The House Economic Development, Banking, Insurance and Commerce Committee voted to release House Bill 103, a technical estates and trusts measure drafted by the Estates and Trusts section of the Delaware Bar and reviewed by the Court of Chancery.
The House Economic Development, Banking, Insurance and Commerce Committee voted to release House Bill 103, a technical estates and trusts measure drafted by the Estates and Trusts section of the Delaware Bar and reviewed by the Court of Chancery.
A representative of the Estates and Trusts section, Joe Bacek, told the committee the bill codifies existing case law and clarifies several areas of Delaware trust practice. "This year was, I'd say, sort of a noncontroversial bill," Bacek said,…
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