SB0417

Find a 2015 Bill:

2015 Regular Session

 

Entitled:

Maryland Trust Act - Revocable Trusts - Creditors' Claims - Limitations

Sponsored by:

Senator Lee

Status:

Veto sustained (0-46)


Synopsis:Providing that, under specified circumstances, property of a specified trust is not subject to, and a trustee and beneficiaries of that trust may not be held liable for, specified claims of creditors of the settlor; providing that the publication of specified notice by the trustee in a specified manner shall afford the trust property, the trustee, and the beneficiaries specified protections under specified provisions of law barring specified claims after a specified period of time; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Lee
Additional Facts:Cross-filed with: HB0666
Bill File Type: Regular
Effective Date(s): October 1, 2015
Committee(s):
Judicial Proceedings  View Committee HearingHealth and Government Operations
Broad Subject(s):Estates and Trusts
Narrow Subject(s):Civil Actions -see also- Small Claims
Claims
Debt Collection -see also- Attachments and Garnishments
Estates and Trusts
Liability -see also- Good Samaritan
Notices
Personal Property
Real Property
Statutes:Article - Estates and Trusts
(14.5-508)

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October 24, 2017 4:48 P.M.