General Assembly>Division of Legislative Services>Publications>Session Summaries>2007>Guardian and Ward


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Guardian and Ward

Passed

P HB 2831

Transfers to minors act; custodial trusts. The bill enables the custodian of a trust benefiting a minor to transfer property, after the minor has reached age 21, to a qualified minor's trust. Such a transfer has the effect of terminating the custodianship to the extent of the property transferred.
Patron - Gilbert

Failed

F HB 2741

Guardians and conservators; use of real estate professionals. Provides that guardians and conservators of the estates of incapacitated persons or minors shall use a real estate professional licensed under Chapter 21 (§ 54.1-2100 et seq.) of Title 54.1 to conduct any sale of real estate in connection with the management of the estates.
Patron - Englin

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General Assembly>Division of Legislative Services>Publications>Session Summaries>2007>Guardian and Ward

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