Bill Title: Creates the Family Trust Act. Makes findings and defines terms. Creates the Illinois Family Trust Board of Trustees to provide services or support to persons with disabilities who are residents of Illinois or one of the 8 states adjacent to Illinois. Provides for payments for a beneficiary that supplement, but do not replace, services and support provided by State and federal government programs and which do not cause any reduction, impairment, or diminishment of government benefits. Provides for trust accounts, individual first party trust accounts, individual third party trust accounts, stand-by trusts, charitable trust accounts, separate trusts, and distributions. Provides for distributions upon the death of a beneficiary, administration of the Illinois Family Trust, and related matters.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Failed) 2013-01-08 - Session Sine Die [HB3603 Detail]

Text: Latest bill text (Introduced) [HTML]

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