All Roll Calls
Yes: 57 • No: 0
Sponsored By: Sponsor information unavailable
Signed by Governor
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5 provisions identified: 1 benefits, 1 costs, 3 mixed.
Trust parties can use a consent-based trust change to let a trustee or another officeholder resign while the trust creator lives. An out-of-court settlement can also allow resignation when the trust document addresses neither resignation nor successor appointments. These options reduce the need to ask a court to approve a resignation.
A beneficiary’s discretionary trust interest is an expected benefit, not a property right. Beneficiaries cannot force payments, even when the trust lists standards or triggers for them. They can still sue over alleged abuse of discretion under the existing court review standard. The law took effect upon enactment and applies to trusts whenever created.
When one spouse makes a gift in trust for the other, the receiving spouse’s interest is not marital property. The trust document can set a different rule. This protects the receiving spouse’s interest from marital-property treatment but excludes it from the couple’s marital assets.
Trusts for noncharitable purposes are valid without identifiable beneficiaries; receiving their money alone does not make someone a beneficiary. The trust document can name an enforcer or another person to enforce its terms, or Delaware’s Court of Chancery can appoint one. The document can give that person the sole right to enforce the trust. Without identifiable beneficiaries, an enforcer can participate in out-of-court settlements and consent changes without needing a beneficiary. Each serving enforcer must consent or have legal standing, as applicable, for those procedures. When the trust ends, remaining property follows the trust document or, if it gives no directions, Delaware’s default distribution rules.
A purpose-trust enforcer has fiduciary duties when using trust authority unless the trust document says otherwise. Delaware’s definitions include enforcers acting as fiduciaries and recognize those not acting as fiduciaries as nonfiduciaries. Accepting appointment subjects an enforcer to Delaware courts’ authority for trust-related matters. For one part of Delaware trust law, the trustee definition includes enforcers, designated representatives, and fiduciaries who exercise or guide trust powers.
There is no primary sponsor on record.
There are no cosponsors for this bill.
All Roll Calls
Yes: 57 • No: 0
Senate vote • 5/20/2025
Passed (SM required)
Yes: 20 • No: 0
House vote • 4/17/2025
Passed (SM required)
Yes: 37 • No: 0
Signed by Governor
Passed By Senate. Votes: 20 YES 1 ABSENT
Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 5 Favorable
Assigned to Banking, Business, Insurance & Technology Committee in Senate
Passed By House. Votes: 37 YES 4 ABSENT
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 8 On Its Merits
Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
Current
3/27/2025
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