TRUSTS-DIRECTED TRUST-APPLIED
Summary
Amends the Trusts and Trustees Act. Adds provisions establishing a directed trust as a type of trust and establishes responsibilities among a distribution trust advisor, trust protector, and other parties to the trust. Provides that the changes to a trustee's powers in a directed trust apply to all trusts in existence on the effective date and all trusts created after that date. Provisions concerning the administration of a trust are available to any trust that is administered in Illinois or governed by Illinois law unless the trust instrument expressly prohibits the use of one or more those provisions by specific reference.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2012
Committee Review
Apr 2012
House Passage
May 2012
Senate Passage
May 2012
Signed into Law
Aug 2012
Introduced Mar 30, 2012
Signed Aug 10, 2012
Floor votes · Senate May 16, 2012 · House Mar 29, 2012
How they voted
54–0
Passed · 4 other
Total votes 58
May 16, 2012
D
Democratic34
91% Yea
R
Republican24
95% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
36
Key actions
5
Committee
10
Amendments
4
Aug 10, 2012
Became law
Public Act . . . . . . . . . 97-0921
Aug 10, 2012
Signed into law
Governor Approved
May 16, 2012
House · Passed
Passed Both Houses
May 16, 2012
Senate · Passed
Senate Vote: pass (54-0-4)
Apr 18, 2012
Senate · Reported by committee
Do Pass Judiciary; 009-000-000
Apr 11, 2012
Senate · Referred to committee
Assigned to Judiciary
Mar 30, 2012
Senate · Referred to committee
Referred to Assignments
Mar 30, 2012
Senate · Introduced
Arrive in Senate
Mar 29, 2012
House · Amendment failed
House Floor Amendment No. 1 Tabled Pursuant to Rule 40
Mar 29, 2012
House · Amendment adopted
House Floor Amendment No. 2 Adopted by Voice Vote
Mar 29, 2012
House · Reported by committee
House Floor Amendment No. 2 Recommends Be Adopted Judiciary I - Civil Law Committee; 011-000-000
Mar 29, 2012
House · Passed
House Vote: pass (106-1-10)
Mar 28, 2012
House · Reported by committee
House Floor Amendment No. 2 Rules Refers to Judiciary I - Civil Law Committee
Mar 26, 2012
House · Referred to committee
House Floor Amendment No. 2 Referred to Rules Committee
Mar 26, 2012
House · Amendment offered
House Floor Amendment No. 2 Filed with Clerk by Rep. Emily McAsey
Mar 16, 2012
House · Referred to committee
House Floor Amendment No. 1 Referred to Rules Committee
Mar 16, 2012
House · Amendment offered
House Floor Amendment No. 1 Filed with Clerk by Rep. Emily McAsey
Feb 29, 2012
House · Reported by committee
Do Pass / Short Debate Judiciary I - Civil Law Committee; 011-000-000
Feb 7, 2012
House · Referred to committee
Assigned to Judiciary I - Civil Law Committee
Feb 3, 2012
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Emily McAsey
DDemocratic
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