S1170
An Act relative to the partition of nominee trusts
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill addresses the legal process of dividing assets held in ‘nominee trusts.’ These trusts are often used to hold property for the benefit of someone who is not yet of age or capable of managing their own affairs. The bill aims to clarify and standardize how these trusts are partitioned, ensuring a fairer and more transparent distribution of assets when the trust’s purpose is fulfilled.
Sponsors
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Primary sponsor
Joan B. Lovely
Cosponsor
Joan B. Lovely
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