Arkansas 2023 Regular Session

Arkansas House Bill HB1394

Introduced

2/9/23

Refer

2/9/23

Report Pass

2/23/23

Engrossed

2/27/23

Refer

2/27/23

Report Pass

3/13/23

Enrolled

3/15/23

Chaptered

3/17/23

Passed

3/17/23

To Update The Law On Spendthrift Trusts; And To Allow For The Creation Of A Domestic Asset Protection Trust.

No companion bills found.

Qualified self-settled spendthrift trusts; disbursements, powers of trustee.

Revocable trusts; allow trustees of to file affidavit and proof of publication to settle assets.

Uniform Trust Code; expands definitions of "independent qualified trustee" and "qualified trustee."

Uniform Trust Code; expands definitions of "independent qualified trustee" and "qualified trustee."

Providing that certain resultant trusts are not subject to claims of the settlor's creditors.

Probate: trusts; duties and powers of trustee; modify. Amends secs. 7105 & 7110 of 1998 PA 386 (MCL 700.7105 & 700.7110).

Modifies provisions relating to trusts

Relating to self-settled asset protection trusts.