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<title>Illinois General Assembly - Bill Status for SB 1295   </title>
<shortdesc>TRUSTS-VIRTUAL REPRESENTATION</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Kirk W. Dillard</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Darlene J. Senger)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>760 ILCS 5/5.3</reference><aliasreference></aliasreference><reference>760 ILCS 5/16.1</reference><aliasreference></aliasreference><SynopsisText>Amends the Trust and Trustees Act. Defines terms. Provides that an "unascertainable beneficiary" may be represented by and bound by another beneficiary having a substantially similar (instead of a substantially identical) interest on a particular question or dispute. Provides that if a trust beneficiary is an unrepresented minor or a disabled person, a parent of the beneficiary may represent and bind the beneficiary, provided that there is no material conflict of interest between the minor or disabled person and either of that person's parents on that particular question or dispute. Further provides that this representative may on a particular question or dispute represent and bind an unborn beneficiary or an unascertainable beneficiary who has an interest that is substantially similar to the interest of the minor or disabled person, but only if there is no material conflict of interest between the minor or the disabled person and the unborn or the unascertainable person. Makes other corresponding changes. Provides that conversion of a trust to a total return trust may be made with a trustee and all primary beneficiaries (instead of with a trustee and all beneficiaries and presumptive remaindermen beneficiaries) in accordance with other provisions of the Act. Provides that changes made apply to all trusts in existence on the effective date and to all trusts created after that date. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2011</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Kirk W. Dillard</action>
<statusdate>2/8/2011</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/8/2011</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/23/2011</statusdate><chamber>Senate</chamber><action>Assigned to Judiciary</action>
<statusdate>3/1/2011</statusdate><chamber>Senate</chamber><action>Held in Judiciary</action>
<statusdate>3/10/2011</statusdate><chamber>Senate</chamber><action>Do Pass Judiciary;  007-000-000</action>
<statusdate>3/10/2011</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 14, 2011</action>
<statusdate>3/29/2011</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/29/2011</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 30, 2011</action>
<statusdate>3/31/2011</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 055-000-000</action>
<statusdate>3/31/2011</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>4/5/2011</statusdate><chamber>House</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>4/5/2011</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Darlene J. Senger</action>
<statusdate>4/5/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>4/5/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>4/11/2011</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>5/13/2011</statusdate><chamber>House</chamber><action>Committee Deadline Extended-Rule 9(b) May 20, 2011</action>
<statusdate>5/20/2011</statusdate><chamber>House</chamber><action>Final Action Deadline Extended-9(b) May 27, 2011</action>
<statusdate>5/27/2011</statusdate><chamber>House</chamber><action>Final Action Deadline Extended-9(b) May 31, 2011</action>
<statusdate>5/31/2011</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

