MD HB50 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-10 - Hearing 1/22 at 1:00 p.m.
Pending: House Judiciary Committee
Hearing: Jan 22 @ 1:00 pm House Judiciary Hearing
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-10 - Hearing 1/22 at 1:00 p.m.
Pending: House Judiciary Committee
Hearing: Jan 22 @ 1:00 pm House Judiciary Hearing
Text: Latest bill text (Introduced) [PDF]
Summary
Adding to the conditions under which an individual who creates a trust may not be considered the settlor of that trust with regard to the individual's interest in the trust; and providing that a creditor may not attach, exercise, reach, or otherwise compel distribution of certain trust assets.
Title
Estates and Trusts - Spousal Lifetime Access Trusts
Sponsors
| Del. Jon Cardin [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-10 | House | Hearing 1/22 at 1:00 p.m. |
| 2025-01-08 | House | First Reading Judiciary |
| 2024-10-31 | House | Pre-filed |
Same As/Similar To
SB12 (Crossfiled) 2025-01-09 - Hearing 1/23 at 1:00 p.m.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Estates and Trusts | 5 | 1003 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0050?ys=2025RS |
| Text | https://mgaleg.maryland.gov/2025RS/bills/hb/hb0050f.pdf |
