Bill
HB 6391
Overview: HB 6391, AN ACT REPEALING THE TRUST ACT, was referred to the Joint Committee on Judiciary. It was introduced on January 23, 2025.Purpose and Intent: The bill aims to repe
Overview: HB 6391, AN ACT REPEALING THE TRUST ACT, was referred to the Joint Committee on Judiciary. It was introduced on January 23, 2025.
Purpose and Intent: The bill aims to repeal the state's Uniform Trust Act, which governs the creation and administration of trusts.
Key Provisions:
- Repeals the Uniform Trust Act in its entirety
- Eliminates the legal framework for establishing and managing various types of trusts, including revocable, irrevocable, and charitable trusts
Affected Parties and Impacts:
- Individuals and organizations that have created trusts under the current law would be affected, as the legal status and administration of those trusts would be uncertain
- Attorneys, financial planners, and others who specialize in trust law and administration would see significant changes to their practices
Procedural and Timeline Considerations:
The bill has been referred to the Joint Committee on Judiciary for consideration. No further action has been taken at this time.
Compiled from official sources — confirm details with the bill’s official record.
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