CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 717Introduced by Assembly Member VillapuduaFebruary 13, 2023 An act to relating to trusts. LEGISLATIVE COUNSEL'S DIGESTAB 717, as introduced, Villapudua. Trusts.A revocable living trust is a trust created during ones lifetime in which a trustee invests and manages assets for a beneficiary on the terms specified by the person who created the trust.This bill would state the intent of the Legislature to subsequently enact legislation to create a program to educate low- and moderate-income homeowners about the resources available to access funding for higher education, and to preserve generational wealth, by creating a revocable living trust.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to subsequently enact legislation to create a program to educate low- and moderate-income homeowners about the resources available to access funding for higher education, and to preserve generational wealth, by creating a revocable living trust.
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 717Introduced by Assembly Member VillapuduaFebruary 13, 2023 An act to relating to trusts. LEGISLATIVE COUNSEL'S DIGESTAB 717, as introduced, Villapudua. Trusts.A revocable living trust is a trust created during ones lifetime in which a trustee invests and manages assets for a beneficiary on the terms specified by the person who created the trust.This bill would state the intent of the Legislature to subsequently enact legislation to create a program to educate low- and moderate-income homeowners about the resources available to access funding for higher education, and to preserve generational wealth, by creating a revocable living trust.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION
Assembly Bill
No. 717
Introduced by Assembly Member VillapuduaFebruary 13, 2023
Introduced by Assembly Member Villapudua
February 13, 2023
An act to relating to trusts.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 717, as introduced, Villapudua. Trusts.
A revocable living trust is a trust created during ones lifetime in which a trustee invests and manages assets for a beneficiary on the terms specified by the person who created the trust.This bill would state the intent of the Legislature to subsequently enact legislation to create a program to educate low- and moderate-income homeowners about the resources available to access funding for higher education, and to preserve generational wealth, by creating a revocable living trust.
A revocable living trust is a trust created during ones lifetime in which a trustee invests and manages assets for a beneficiary on the terms specified by the person who created the trust.
This bill would state the intent of the Legislature to subsequently enact legislation to create a program to educate low- and moderate-income homeowners about the resources available to access funding for higher education, and to preserve generational wealth, by creating a revocable living trust.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to subsequently enact legislation to create a program to educate low- and moderate-income homeowners about the resources available to access funding for higher education, and to preserve generational wealth, by creating a revocable living trust.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. It is the intent of the Legislature to subsequently enact legislation to create a program to educate low- and moderate-income homeowners about the resources available to access funding for higher education, and to preserve generational wealth, by creating a revocable living trust.
SECTION 1. It is the intent of the Legislature to subsequently enact legislation to create a program to educate low- and moderate-income homeowners about the resources available to access funding for higher education, and to preserve generational wealth, by creating a revocable living trust.
SECTION 1. It is the intent of the Legislature to subsequently enact legislation to create a program to educate low- and moderate-income homeowners about the resources available to access funding for higher education, and to preserve generational wealth, by creating a revocable living trust.
### SECTION 1.