Bill Title: Amends the Illinois Public Aid Code. In a provision concerning irrevocable trusts and financial exemptions under the Aid to the Aged, Blind, or Disabled program, provides that after a person reaches age 65, any funding by or on behalf of the person to the trust shall be treated as a transfer of assets for less than fair market value unless the person is a ward of the court, a county public guardian, or the State Guardian (rather than a ward of a county public guardian or the State Guardian) and lives in the community, or the person is a ward of the court, a county public guardian, or the State Guardian (rather than a ward of a county public guardian or the State Guardian) and a court has found that any expenditures from the trust will maintain or enhance the person's quality of life.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Failed) 2015-01-13 - Session Sine Die [SB2602 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2013-10-09	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2602

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2602 currently on file.