SB 1127: Trust termination.
- Session Year: 2023-2024
- House: Senate
Current Status:
Passed
(2024-07-02: Chaptered by Secretary of State. Chapter 76, Statutes of 2024.)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Enacted
Version:
Existing law establishes procedures for the creation, modification, and termination of a trust, and regulates the administration of trusts by trustees on behalf of beneficiaries. Existing law authorizes a trustee to terminate a trust if the principal of a trust does not exceed $50,000 in value.
This bill would instead grant a trustee the power to terminate a trust if the fair market value of its principal does not exceed $100,000 in value.
Bill Author
