HB1543 Authorizes the court to authorize or orders acts intended to protect a mentally disabled protectee's estate from reduction due to payment of unnecessary federal estate taxes.
Sponsor: Smith, Philip (11) Effective Date:00/00/0000
CoSponsor: Abel, Mark C. (103) LR Number: 3686L.01I
Last Action: COMMITTEE: CIVIL AND ADMINISTRATIVE LAW
02/23/2000 - Executive Session Held (H)
VOTED DO PASS
HB1543
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
ACTIONS HEARINGS CALENDAR
BILL SUMMARIES BILL TEXT
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Available Bill Summaries for HB1543 Copyright(c)
* Committee * Introduced

Available Bill Text for HB1543
* Introduced *

BILL SUMMARIES

COMMITTEE

HB 1543 -- PROBATE

CO-SPONSORS:  Smith, Abel

COMMITTEE ACTION:  Voted "do pass" by the Committee on Civil and
Administrative Law by a vote of 11 to 4.

This bill allows a probate court to authorize the conservator of
a permanently and totally mentally disabled person to create
trusts with charitable beneficiaries on behalf of the disabled
person, so as to avoid federal estate taxes upon the disabled
person's death.

FISCAL NOTE:  Loss to General Revenue Fund of Unknown in FY
2001, FY 2002, and FY 2003.

PROPONENTS:  Supporters say that a probate court has ruled that
it did not have the power to grant a conservator of an estate
the authority to create a charitable trust, even though much of
the estate would go to the federal government in estate tax, if
not given to charity.  This bill simply allows the probate court
to grant such authority.

Testifying for the bill were Representatives Smith and Abel.

OPPONENTS:  There was no opposition voiced to the committee.

Richard Smreker, Legislative Analyst


INTRODUCED

HB 1543 -- Probate

Co-Sponsors:  Smith, Abel

This bill allows a probate court to authorize the conservator of
a permanently and totally mentally disabled person to create
trusts with charitable beneficiaries on behalf of the disabled
person, so as to avoid federal estate taxes upon the disabled
person's death.


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Last Updated October 5, 2000 at 11:33 am