Permits portion of child support payments to be held in trust for child to access upon certain circumstances.
This bill allows courts to direct up to 10% of child support payments into an irrevocable trust for the child, upon agreement of both parents. The trust becomes the child’s sole beneficiary, with funds accessible when they turn 18 or at an age specified in the trust. Courts can appoint trustees, modify trust terms based on changing circumstances, and replace trustees who fail to act in the child’s best interest. The policy change affects children receiving child support and parents paying it, without altering the total support amount owed.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
Governor
Introduced Sep 12, 2024
Last action Sep 12, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Sep 12, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Children, Families and Food Security Committee
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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