2016 House Bill 5505

Authorize “qualified dispositions in trust”

Introduced in the House

March 22, 2016

Introduced by Rep. Klint Kesto (R-39)

To authorize a “qualified dispositions in trust” instrument that would let a person place assets in a trust for their own benefit, which would then be protected from potential creditors (with various exceptions). This is said to be of interest to individuals in professions that are exposed to high liability risks.

Referred to the Committee on Judiciary