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Committee advances two trust bills and a courthouse phone bill; three measures pass out of Judiciary Committee
Summary
The Senate Judiciary Committee passed House Bills 1431 and 1394 (trust decanting and domestic asset protection trusts) and Senate Bill 399 (allowing cell phones in courthouses) after brief presentations; votes were unanimous and bills were forwarded from committee.
The Senate Judiciary Committee on Thursday passed three bills after brief presentations and unanimous voice votes.
House Bill 1431: The committee approved a bill allowing trustees of irrevocable trusts to amend basic terms of the trust without court approval, a practice commonly called "decanting." The sponsor said the change would save beneficiaries court costs, allow updating of outdated trusts and reduce court filings; the committee approved the bill on a…
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