Fiduciaries
Maryland 2013 Regular Session
Estates and Trusts - Slayer's Statute (Ann Sue Metz Law) [SB-489]
Clarifying that a person who feloniously and intentionally kills, conspires to kill, or procures the killing of the decedent is disqualified from inheriting, taking, enjoying, receiving, or otherwise benefiting from the death, probate estate, or nonprobate property of the decedent, or from receiving a general or special power of appointment conferred by the will or trust of the decedent, or from serving as a personal representative, guardian, or trustee of a trust created by the decedent; etc.
Sponsored by: Sen. Christopher Shank
Approved By The Governor - Chapter 485 on 05/16/2013
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Gettr Maryland 2013 Regular Session
Interests in Grantor and Qualified Terminable Interest Property Trusts [HB-859]
Providing that an individual who creates a specified trust may not be considered the settlor of the trust under specified circumstances; providing that a creditor of an individual who creates a specified trust may not compel specified distributions; etc.
Sponsored by: Sen. Jeff Waldstreicher
Approved By The Governor - Chapter 646 on 05/16/2013
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Maryland 2013 Regular Session
Maryland Trust Act [HB-437]
Repealing and revising provisions of law relating to trusts; providing that the Act may be cited as the Maryland Trust Act; providing for the scope of the Act; establishing whether a person has knowledge of a fact under the Act; establishing that a term of a trust prevails over specified other provisions of law, with specified exceptions; establishing that the common law of trusts and principles of equity supplement the Act, with a specified exception; etc.
Sponsored by: Rep. Luiz Simmons
Special Order Until Later Today (delegate Pendergrass) Adopted on 03/25/2013
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Maryland 2013 Regular Session
Estates and Trusts - Slayer's Statute (Ann Sue Metz Law) [HB-1211]
Clarifying that a person who feloniously and intentionally kills, conspires to kill, or procures the killing of the decedent is disqualified from inheriting, taking, enjoying, receiving, or otherwise benefiting from the death, probate estate, or nonprobate property of the decedent, or from receiving a general or special power of appointment conferred by the will or trust of the decedent, or from serving as a personal representative, guardian, or trustee of a trust created by the decedent; etc.
Sponsored by: Rep. Kathleen Dumais
Approved By The Governor - Chapter 486 on 05/16/2013
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Maryland 2012 Regular Session
Fiduciary Institutions - Protection of Elder Adults from Financial Abuse - [SB-941]
Requiring specified fiduciary institutions to report suspected financial abuse of an elder adult under specified circumstances; requiring the report to be made to specified individuals and entities at specified times and by specified means; providing that a fiduciary institution is not required to investigate an allegation by an elder adult that financial abuse of the elder adult has occurred or to make a report if the same matter has already been reported; establishing specified civil penalties; etc.
Sponsored by: Sen. Delores Kelley
Approved By The Governor on 05/02/2012
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Maryland 2012 Regular Session
Maryland Trust Act [SB-722]
Repealing and revising provisions of law relating to trusts; providing that the Act may be cited as the Maryland Trust Act; providing for the scope of the Act; establishing whether a person has knowledge of a fact under the Act; establishing that a term of a trust prevails over specified other provisions of law, with specified exceptions; establishing that the common law of trusts and principles of equity supplement the Act, with a specified exception; etc.
Sponsored by: Sen. Robert Zirkin
Hearing 3/8 At 1:00 P.m. on 02/08/2012
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Maryland 2012 Regular Session
Estates and Trusts - Slayer's Rule (Ann Sue Metz Law) [SB-517]
Clarifying that a person who feloniously and intentionally kills the decedent is disqualified from inheriting, taking, enjoying, receiving, or otherwise benefitting from the estate, insurance proceeds, or property of the decedent; clarifying that a person may not inherit, take, enjoy, receive, or otherwise benefit from the estate, insurance proceeds, or property of the decedent as a direct result of the disqualification of the killer of a decedent, even though that person is innocent of any wrongdoing; etc.
Sponsored by: Sen. Christopher Shank
Hearing 3/8 At 1:00 P.m. on 02/08/2012
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Maryland 2012 Regular Session
Estates and Trusts - Slayer's Rule (Ann Sue Metz Law) [HB-735]
Clarifying that a person who feloniously and intentionally kills the decedent is disqualified from inheriting, taking, enjoying, receiving, or otherwise benefitting from the estate, insurance proceeds, or property of the decedent; clarifying that a person may not inherit, take, enjoy, receive, or otherwise benefit from the estate, insurance proceeds, or property of the decedent as a direct result of the disqualification of the killer of a decedent, even though that person is innocent of any wrongdoing; etc.
Sponsored by: Rep. Kathleen Dumais
First Reading Judiciary on 02/08/2012
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Maryland 2012 Regular Session
Maryland Trust Act [HB-682]
Repealing and revising provisions of law relating to trusts; providing that the Act may be cited as the Maryland Trust Act; providing for the scope of the Act; establishing whether a person has knowledge of a fact under the Act; establishing that a term of a trust prevails over specified other provisions of law, with specified exceptions; establishing that the common law of trusts and principles of equity supplement the Act, with a specified exception; etc.
Sponsored by: Rep. Luiz Simmons
Unfavorable Report By Judiciary Withdrawn on 04/05/2012
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Maryland 2012 Regular Session
Taxes - Electing Small Business Trusts State Tax Loophole Elimination Act [HB-128]
Modifying the definition of federal adjusted gross income as it relates to specified fiduciaries to include the amount of income of an electing small business trust consisting of stock of one or more S corporations that is subject to specified taxing rules; providing for the application of the Act to all taxable years beginning after December 31, 2011; etc.
Sponsored by: Sen. Brian Feldman
Hearing 2/14 At 1:00 P.m. on 02/01/2012
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Maryland 2012 Regular Session
Fiduciary Institutions - Protection of Elder Adults from Financial Abuse - [HB-1257]
Requiring specified fiduciary institutions to report suspected financial abuse of an elder adult under specified circumstances; requiring the report to be made to specified individuals and entities at specified times and by specified means; providing that a fiduciary institution is not required to investigate an allegation by an elder adult that financial abuse of the elder adult has occurred or to make a report if the same matter already has been reported; establishing specified civil penalties; etc.
Sponsored by: Sen. Barbara Robinson
Approved By The Governor on 05/02/2012
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Maryland 2011 Regular Session
Maryland Trust Act [SB-745]
Repealing and revising provisions of law relating to trusts; providing that the Act may be cited as the Maryland Trust Act; providing for the scope of the Act; establishing whether a person has knowledge of a fact under the Act; establishing that a term of a trust prevails over specified other provisions of law, with specified exceptions; establishing that the common law of trusts and principles of equity supplement the Act, with a specified exception; etc.
Sponsored by: Sen. Norman Stone
Hearing 3/2 At 1:00 P.m. on 02/09/2011
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Maryland 2011 Regular Session
Maryland Trust Act [HB-750]
Repealing and revising provisions of law relating to trusts; providing that the Act may be cited as the Maryland Trust Act; providing for the scope of the Act; establishing whether a person has knowledge of a fact under the Act; establishing that a term of a trust prevails over specified other provisions of law, with specified exceptions; establishing that the common law of trusts and principles of equity supplement the Act, with a specified exception; etc.
Sponsored by: Rep. Luiz Simmons
Unfavorable Report By Judiciary Withdrawn on 03/07/2011
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Idaho 2011 Regular Session
Adds to existing law relating to trusts and fiduciaries to provide for the fiduciary duty of trustees to determine equal value of substituted property. [SB-1045]
Adds to existing law relating to trusts and fiduciaries to provide for the fiduciary duty of trustees to determine equal value of substituted property.
Sponsored by: No sponsors
Governor Signed Session Law Chapter 35 Effective: 07/01/11 on 03/03/2011
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Maryland 2010 Regular Session
Public Pension Fund Protection Act [SB-862]
Prohibiting a fiduciary, an investment manager, a placement agent, or an actuary for the State Retirement and Pension System from contacting the Board of Trustees or any employee of the State Retirement Agency within 2 years after leaving that position with the intent to initiate specified actions; requiring the Board of Trustees to adopt regulations to require the disclosure of payments to placement agents with regard to the investment of the assets of the State Retirement and Pension System; etc.
Sponsored by: Sen. David Harrington
Re-referred Budget And Taxation on 02/19/2010
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Maryland 2010 Regular Session
Maryland General and Limited Power of Attorney Act (Loretta's Law) [SB-519]
Repealing specified provisions of law relating to durable powers of attorney; establishing the Maryland General and Limited Power of Attorney Act; establishing that a specified agent is not required to disclose specified information, with specified exceptions; prohibiting a person from requiring an additional or different power of attorney than a specified statutory form power of attorney under specified circumstances; etc.
Sponsored by: Sen. Edward Reilly
First Reading Judicial Proceedings on 02/03/2010
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Maryland 2010 Regular Session
Maryland General and Limited Power of Attorney Act (Loretta's Law) [SB-309]
Repealing provisions of law relating to durable powers of attorney; establishing the Maryland General and Limited Power of Attorney Act; establishing that a specified agent is not required to disclose specified information, with exceptions; requiring an agent to comply with a specified request within a specified time period under specified circumstances; authorizing a principal or an interested person to file a specified petition for injunctive relief in a specified court under specified circumstances; etc.
Sponsored by: Sen. Delores Kelley
Approved By The Governor on 05/20/2010
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Maryland 2010 Regular Session
Maryland General and Limited Power of Attorney Act (Loretta's Law) [HB-659]
Repealing specified provisions of law relating to durable powers of attorney; establishing the Maryland General and Limited Power of Attorney Act; establishing that a specified agent is not required to disclose specified information, with specified exceptions; authorizing a principal or an interested person to file a specified petition for injunctive relief in a specified court for specified purposes; etc.
Sponsored by: Rep. Kathleen Dumais
Approved By The Governor on 05/20/2010
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Maryland 2010 Regular Session
Uniform Power of Attorney Act [HB-483]
Repealing specified provisions of law relating to durable powers of attorney; establishing the Uniform Power of Attorney Act; establishing exceptions to the application of the Act; establishing that a power of attorney created under the Act is durable unless the power of attorney contains a specified provision; requiring a power of attorney to be signed by the principal or a specified other individual; etc.
Sponsored by: Rep. Kumar Barve
Unfavorable Report By Judiciary Withdrawn on 03/27/2010
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Maryland 2010 Regular Session
Estates - Disqualification - Conviction for Unlawfully Obtaining Property of [HB-327]
Limiting the extent to which a person convicted of a prohibition against unlawfully obtaining property from a specified victim shall be disqualified from inheriting or otherwise benefiting from the estate, insurance proceeds, or property of the victim; providing that a specified person be treated as if the person predeceased a specified victim; requiring a specified person to make full restitution; prohibiting specified persons from being held personally liable under specified circumstances; etc.
Sponsored by: Rep. Joseph Vallario
Approved By The Governor on 05/20/2010