summary
Introduced
07/09/2024
07/09/2024
In Committee
07/15/2024
07/15/2024
Crossed Over
07/10/2024
07/10/2024
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
To preserve special needs trusts for disabled seniors
AI Summary
This bill aims to preserve special needs trusts for disabled seniors. It amends the Massachusetts General Laws to specify that the transfer of assets by an individual aged 65 or older into a trust under 42 U.S.C. 1396p(d)(4)(C), which is established for the sole benefit of the individual, shall be considered a disposal of resources for fair market value. This means that such resources will be available to the trustee to provide goods and services to the individual or reimburse related costs at fair market value, thereby preserving the special needs trust for the disabled senior.
Committee Categories
Budget and Finance
Sponsors (24)
James Arena-Derosa (D),
Jenny Armini (D),
John Barrett (D),
Dan Cahill (D),
Jo Comerford (D),
Carol Doherty (D),
Rodney Elliott (D),
Carole Fiola (D),
Natalie Higgins (D),
Kate Hogan (D),
Kevin Honan (D),
Pat Jehlen (D),
Kay Khan (D),
Jason Lewis (D),
David Linsky (D),
Kate Lipper-Garabedian (D),
Christopher Markey (D),
Sam Montaño (D),
Tram Nguyen (D),
Patrick O'Connor (R),
Jim O'Day (D),
Lindsay Sabadosa (D),
Bill Straus (D),
Susannah Whipps (I),
Other Sponsors (1)
House Committee on Ways and Means (House)
Last Action
No further action taken (on 12/31/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H4841 |
| BillText | https://malegislature.gov/Bills/193/H4841.pdf |
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