Kansas committee hears HB 2590 to create Kansas Community Property Trust Act and amend trust code
The Committee on Financial Institutions and Pensions held a hearing on HB 2590, which would enact a Kansas Community Property Trust Act, add 'designated representatives' to the uniform trust code, and permit certain trustee tax-reimbursement powers; proponents say provisions are optional and aimed at growing the state's trust industry.
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The Committee on Financial Institutions and Pensions on opening day heard testimony on HB 2590, a bill that would create a Kansas Community Property Trust Act and amend the Kansas Uniform Trust Code to add designated representatives and expand the enforceability of governing trust instruments.
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