2020 Senate Bill 721

Revise law governing g "dynastic" trusts ("perpetuities")

Introduced in the Senate

Jan. 15, 2020

Introduced by Sen. Pete Lucido (R-8)

To revise details related to “vesting periods” in a law that restricts "perpetuities,” which is a legal doctrine intended to prevent assets from being tied-up in long-term family or "dynasty" trusts.

Referred to the Committee on Judiciary and Public Safety

Dec. 3, 2020

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.