Bill: SB 1020, 84(R) - 2015
Committee
Senate State Affairs
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Yes |
Neutral |
Positive |
Neutral |
Positive |
Positive |
Author(s)
Brandon Creighton
Bill Caption
Relating
to the designation of the trustee of an express trust as a beneficiary
of a trust account or a P.O.D. payee of a P.O.D. account.
Fiscal Notes
No significant fiscal implication to State or local government.
Bill Analysis
SB 1020 would amend code to allow the account holder of an express trust to name the trustee as the beneficiary of a trust account or as a payee of a Payable on Death account (POD).
Vote Recommendation Notes
SB 1020 would give a POD account holder greater control over the disposition of their estate. This promotes the individual liberty and property rights of the account holder and supports limited government by removing an unnecessary government prohibition, therefore we support this legislation.
