Indiana House Bill 1205 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Passed on March 18 2022 - 100% progression
Action: 2022-03-18 - Public Law 161
Text: Latest bill text (Enrolled) [PDF]

Uniform trust decanting act and trustee duties. Allows a trustee of an irrevocable trust to appoint a successor trustee or multiple trustees. Provides that a trustee's power to appoint a successor trustee includes the power to allocate trustee powers to one or more trustees. Enacts the uniform trust decanting act. Creates a definition of the decanting power to include a power by a trustee to make limited modifications to an irrevocable trust, including an asset transfer to a new trust. Requires that a modification be consistent with a settlor's or charitable organization's intent. Permits the trustee of an existing trust to make modifications to or distributions from an existing trust for the benefit of a disabled beneficiary. Prohibits a trustee from being required to decant. Requires advanced notice to all qualified beneficiaries. Provides that the decanting power of an authorized fiduciary is not precluded by certain terms. (The introduced version of this bill was prepared by the Probate Code Commission.)

Uniform trust decanting act and trustee duties.

Rep. John Young [R]

Sen. Aaron Freeman [R]

Sen. Eric Koch [R]

2022-02-22 - House - House - House concurred in Senate amendments (Y: 92 N: 0 NV: 1 Abs: 7) [PASS]
2022-02-15 - Senate - Senate - Third reading (Y: 47 N: 0 NV: 0 Abs: 3) [PASS]
2022-02-09 - Senate - Senate - Committee Vote (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]
2022-01-20 - House - House - Third reading (Y: 84 N: 0 NV: 5 Abs: 11) [PASS]
2022-01-12 - House - House - Committee Vote (Y: 10 N: 0 NV: 0 Abs: 3) [PASS]

Date	Chamber	Action
2022-03-18	House	Public Law 161
2022-03-18	House	Signed by the Governor
2022-03-15	Senate	Signed by the President of the Senate
2022-02-24	Senate	Signed by the President Pro Tempore
2022-02-24	House	Signed by the Speaker
2022-02-22	House	House concurred in Senate amendments; Roll Call 246: yeas 92, nays 0
2022-02-21	House	Motion to concur filed
2022-02-16	Senate	Returned to the House with amendments
2022-02-15	Senate	Third reading: passed; Roll Call 201: yeas 47, nays 0
2022-02-14	Senate	Second reading: ordered engrossed
2022-02-10	Senate	Committee report: amend do pass, adopted
2022-02-01	Senate	First reading: referred to Committee on Judiciary
2022-01-21	House	Referred to the Senate
2022-01-20	House	Senate sponsors: Senators Freeman and Koch
2022-01-20	House	Third reading: passed; Roll Call 50: yeas 84, nays 0
2022-01-18	House	Second reading: ordered engrossed
2022-01-13	House	Committee report: do pass, adopted
2022-01-06	House	First reading: referred to Committee on Judiciary
2022-01-06	House	Authored by Representative Young J

Type	Source
Summary	https://iga.in.gov/legislative/2022/bills/house/1205/details
Text	http://iga.in.gov/static-documents/4/4/7/a/447a2da1/HB1205.01.INTR.pdf
Text	http://iga.in.gov/static-documents/a/9/4/2/a942af94/HB1205.02.COMH.pdf
Text	http://iga.in.gov/static-documents/2/c/e/6/2ce6152d/HB1205.02.COMH.pdf
Text	http://iga.in.gov/static-documents/9/4/0/5/94050c45/HB1205.03.COMS.pdf
Text	http://iga.in.gov/static-documents/4/c/a/5/4ca5d40f/HB1205.03.COMS.pdf
Text	http://iga.in.gov/static-documents/2/8/6/0/286078ce/HB1205.04.ENRS.pdf
Supplement	http://iga.in.gov/static-documents/3/3/7/e/337e1809/HB1205.01.INTR.FN001.pdf
Supplement	http://iga.in.gov/static-documents/f/c/f/4/fcf4cedb/HB1205.02.COMH.FN001.pdf
Supplement	http://iga.in.gov/static-documents/d/3/e/2/d3e25206/HB1205.01.INTR.CRH001.pdf
Supplement	http://iga.in.gov/static-documents/3/3/2/a/332a533d/HB1205.02.COMH.FN002.pdf
Supplement	http://iga.in.gov/static-documents/4/b/4/6/4b460d4c/HB1205.02.COMH.FN003.pdf
Supplement	http://iga.in.gov/static-documents/3/3/4/5/334517e3/HB1205.02.COMH.CRS001.pdf
Supplement	http://iga.in.gov/static-documents/e/c/b/6/ecb6542e/HB1205.03.COMS.FN001.pdf
Supplement	http://iga.in.gov/static-documents/a/6/9/3/a6937f6a/HB1205.03.COMS.FN002.pdf
Supplement	http://iga.in.gov/static-documents/1/5/b/e/15be3ef4/HB1205.03.COMS.FN003.pdf
Supplement	http://iga.in.gov/static-documents/3/1/e/d/31ed7b49/HB1205.03.COMS.CON01.pdf
Supplement	http://iga.in.gov/static-documents/3/d/c/e/3dce8e2f/HB1205.04.ENRS.FN001.pdf
Roll Call	http://iga.in.gov/static-documents/0/a/c/f/0acf2087/HB1205.01.INTR.02.pdf
Roll Call	http://iga.in.gov/static-documents/6/1/6/d/616dd5e3/HB1205.50_H.pdf
Roll Call	http://iga.in.gov/static-documents/b/d/d/0/bdd0b096/HB1205.02.COMH.00.pdf
Roll Call	http://iga.in.gov/static-documents/a/6/6/a/a66a4443/HB1205.201_S.pdf
Roll Call	http://iga.in.gov/static-documents/9/d/8/0/9d80648c/HB1205.246_H.pdf