Illinois General Assembly - Bill Status for SB0063

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Bill Status of SB0063 99th General Assembly

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Short Description: TRUSTS AND TRUSTEES-ACCEPTANCE

Senate Sponsors
Sen. Chris Nybo - Pamela J. Althoff

Last Action

Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

760 ILCS 5/18.5 new

Synopsis As Introduced
Amends the Trusts and Trustees Act. Provides that by accepting a benefit under a trust instrument, the beneficiary admits the instrument to be a valid trust. Provides that a beneficiary of a trust may not accept a benefit under the instrument and at the same time set up a claim which is contrary to the substantive terms of the trust.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause with the provisions of the introduced bill, and makes the following changes: (i) specifies that the provisions govern a person accepting a benefit under a trust instrument designed to achieve the effect of testation (instead of a "trust instrument"); and (ii) provides that exceptions applicable to the doctrine of election as applied to wills also apply to trusts.

Actions

Date	Chamber	Action
1/15/2015	Senate	Filed with Secretary by Sen. Chris Nybo
1/15/2015	Senate	First Reading
1/15/2015	Senate	Referred to Assignments
1/28/2015	Senate	Assigned to Judiciary
2/18/2015	Senate	Postponed - Judiciary
2/27/2015	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Chris Nybo
2/27/2015	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/3/2015	Senate	Senate Committee Amendment No. 1 Assignments Refers to Judiciary
3/3/2015	Senate	Senate Committee Amendment No. 1 Adopted
3/4/2015	Senate	Do Pass as Amended Judiciary; 011-000-000
3/4/2015	Senate	Placed on Calendar Order of 2nd Reading March 5, 2015
3/10/2015	Senate	Added as Chief Co-Sponsor Sen. Pamela J. Althoff
10/8/2015	Senate	Rule 2-10 Third Reading Deadline Established As October 20, 2015
10/10/2015	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
1/10/2017	Senate	Session Sine Die

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