Bill Status of HB 199   98th General Assembly

Short Description:  TRUSTS-VIRTUAL REPRESENTATION

House Sponsors
Rep. Emily McAsey

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
760 ILCS 5/5.3
760 ILCS 5/16.1

Synopsis As Introduced
Amends the Trusts and Trustees Act. Defines terms. Provides that an unascertainable beneficiary may be represented by and bound by another beneficiary having a substantially similar (instead of a substantially identical) interest on a particular question or dispute. Provides that if a trust beneficiary is an unrepresented minor, disabled, or unborn person, a parent of the beneficiary may represent and bind the beneficiary, provided that there is no conflict of interest between the minor or disabled person and either of that person's parents on that particular question or dispute. Further provides that this representative may on a particular question or dispute represent and bind an unborn beneficiary or an unascertainable beneficiary who has an interest that is substantially similar to the interest of the minor or disabled person, but only if there is no conflict of interest between the minor or the disabled person and the unborn or the unascertainable person. Makes other corresponding changes. Provides that conversion of a trust to a total return trust may be made with a trustee and all primary beneficiaries (instead of with a trustee and all beneficiaries and presumptive remaindermen beneficiaries) in accordance with other provisions of the Act. Provides that changes made apply to all trusts in existence on the effective date and to all trusts created after that date.

Actions 
DateChamber Action
  1/23/2013HouseFiled with the Clerk by Rep. Emily McAsey
  1/25/2013HouseFirst Reading
  1/25/2013HouseReferred to Rules Committee
  2/4/2013HouseAssigned to Judiciary
  3/14/2013HouseTo Real Estate, Property, Probate, and Trusts Subcommittee
  3/19/2013HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Emily McAsey
  3/19/2013HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/20/2013HouseRecommends Do Pass Subcommittee/ Judiciary; 002-000-000
  3/20/2013HouseDo Pass / Short Debate Judiciary; 016-000-000
  3/20/2013HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/20/2013HousePlaced on Calendar 2nd Reading - Short Debate
  3/22/2013HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Emily McAsey
  3/22/2013HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/18/2013HouseSecond Reading - Short Debate
  4/18/2013HouseHeld on Calendar Order of Second Reading - Short Debate
  4/19/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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