2016 Senate Bill 1010

Revise life insurance trust detail

Introduced in the Senate

June 1, 2016

Introduced by Sen. Tonya Schuitmaker (R-26)

To revise details of a law that defines the duties of a trustee with respect to irrevocable life insurance trusts, by exempting a trustee from a “prudent investor rule” under certain conditions.

Referred to the Committee on Judiciary