Trusts; creating the Uniform Trust Code; definitions; creditor claims; revocable trusts; trustees; duties and powers of trustee; trustee liability; severability; effective date.

Added a header line stating 'BOLD FACE denotes Committee Amendments' to clarify that subsequent bold text represents changes made during committee review.

Updated the document title and page numbering to reflect the 'Floor Version' status of the bill.

Removed the original page number reference 'Req. No. 12921' from the header section.

The title and header information were updated to reflect the 'House Committee Substitute' status instead of the 'Proposed Policy Committee Substitute' status, indicating the bill has passed the initial committee review.

Minor line number and page reference adjustments were made throughout the document to align with the new text structure.

A new provision was added requiring beneficiaries to return any distributions they received in certain circumstances, adding a new layer of financial responsibility for trust beneficiaries.

The document format changed from an 'Enrolled' final version to a 'Proposed Policy Committee Substitute,' indicating the bill is now in a draft stage pending further review.

Minor text corrections were made throughout the summary of the act, such as changing 'being a beneficiary' to 'represent and being a beneficiary' and fixing a typo from 'court my' to 'court may'.

The summary of the act's provisions was slightly reworded to clarify that rules apply to creditors' claims regardless of whether the trust terms contain a spendthrift clause.

The bill's title and header were updated from 'Engrossed' to 'Enrolled' to signify it is the final version ready for signing into law.

Wording in the summary description was tightened for legal precision, replacing general terms like 'providing' with more specific terms like 'specifying', 'declaring', and 'prescribing'.

Minor grammatical adjustments were made, such as changing 'substantiality identical interests' to 'substantiality identical interests' and 'settlor's tax objectives' to 'settlor's tax objectives' for consistency.

Added a new section establishing a short title for the act.

Reorganized the bill by inserting article headers (General Provisions, Judicial Proceedings, Representation, Creation/Validity) to improve readability.

Renumbered all existing sections to align with the new article structure.

The bill's title was changed from 'Uniform Trust Act' to 'Uniform Trust Code' to reflect the adoption of the new standard legal framework.

A new requirement was added to explicitly provide for a short title for the act.

All section numbers throughout the bill were renumbered (e.g., from 1501 to 1601.1) to match the new code's organizational structure.

The description of limitations on actions contesting the validity of a revocable trust was updated to align with the new code's provisions.