Bills › 89th General Assembly
HSB 712
Topics:Courts & civil law
Where it is now
- Done: IntroducedFebruary 14, 2022
- Done: SubcommitteeFebruary 14, 2022
- Done: House committeeFebruary 16, 2022
- Skipped: Passes the HouseContinued as HF 2484
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 2484 → Its progress continues under the new number. Go to HF 2484 What’s a funnel?
What’s in it
This bill relates to trusts, including optional notices to creditors when a will has been admitted to probate without administration and the trust is the beneficiary of the estate, trust accounting, specific powers of a trustee, and representation of holders of power and similar interests. The bill provides optional language that may be included in a notice given to creditors, heirs, and surviving spouses for when a decedent’s will has been admitted to probate without administration. If such notice is provided, creditors must mail proof of claims to the trustee within four months or else be barred from asserting such claims.
Read the full explanation
_____ The bill provides that annual accountings of the trust provided by the trustee to each beneficiary shall include the beginning and ending balances of the trust upon request. The bill changes the specific powers designated to a trustee relating to obligations a trustee has when there is an actual or potential violation of an environmental law on a property held by a trustee. The bill makes such obligations into optional actions that a trustee may take. The bill provides for holders of a limited power of appointment along with the taker in default of the appointment power to jointly represent and bind a person whose interest is dependent upon that power of appointment. The bill allows first order remainder beneficiaries to represent a remote contingent beneficiary in addition to a minor or an incompetent, unborn, or unascertained person.
House subcommittee
Named February 14, 2022. On February 16, 2022 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Lobbying
5 for · 0 against · 5 undecided · Who →
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89th General Assembly