SENATE BILL 307

Sponsored By:

Senator Giannetti

Entitled:

Estates - Personal Representatives - Election for Modified Administration

Synopsis:

Providing that a personal representative of an estate may file an election for modified administration of the estate if the residuary legatees and heirs at law of the estate are exempt from an inheritance tax under specified circumstances; and requiring that the trustees of each trust created in a will of a decedent be limited to specified persons in order for a personal representative to file an election for modified administration of an estate under specified circumstances.

History by Legislative Date

Senate Action

1/31

First Reading Judicial Proceedings

Hearing 2/11 at 1:00 p.m.

2/19

Favorable with Amendments Report by Judicial Proceedings

2/20

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

2/24

Third Reading Passed (47-0)

3/31

Returned Passed

5/13

Signed by the Governor Chapter 232

House Action

2/25

First Reading Judiciary

3/12

Hearing 3/25 at 1:00 p.m.

3/31

Favorable Report by Judiciary

3/27

Favorable Report Adopted

Second Reading Passed

3/28

Third Reading Passed (133-2)

Bill indexed under the following Subjects:

ESTATES AND TRUSTS

PERSONAL REPRESENTATIVES

Bill affects the following Statute:

Estates and Trusts

( 5-702 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 178674/01 (PDF)     Offered on: February 20, 2003   at: 10:23 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

February 24, 2003: Third Reading Passed (47-0)

House

March 28, 2003: Third Reading Passed (133-2)