SSB 3111: SSB 3111

What it does

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.

Senate subcommittee · named February 8, 2022

• Sen. Jeff Taylor (R) · jeff.taylor@legis.iowa.gov
• Sen. Nate Boulton (D)
• Sen. Jeff Reichman (R) · jeff.reichman@legis.iowa.gov

Lobbying · 5 for, 0 against

For: Iowa State Bar Association; Iowa Trust Association; Patterson Law Firm LLP; Personal Interest -Bill Gustoff; The Iowa Academy of Trust and Estate Counsel

In plain words

1. February 8, 2022Filed in the Senate and sent to the Judiciary committee
2. February 8, 2022Senate subcommittee named: Taylor, J., Boulton and Reichman
3. February 10, 2022Subcommittee recommended passing it
4. February 16, 2022Approved by the Senate committee, and given a new number: SF 2316