DE SB161

I notice there's a discrepancy between the bill number you've provided (SB161) and the actual bill text (SB155). I'll summarize the actual bill provided:

• Amends Delaware's Qualified Dispositions in Trust Act to clarify that a transferor cannot serve as trustee of a qualified disposition trust, but may serve as an investment adviser.

• Permits transfers to trusts to constitute qualified dispositions even if the transferor retains a lifetime limited power of appointment or a lifetime general power of appointment restricted to reimbursement of income taxes borne by the transferor.

• Clarifies that transferors may appoint advisers, protectors, and other trust powers in addition to qualified trustees, including the ability to remove and appoint additional trustees and advisers.

• Revises provisions governing avoidance of qualified dispositions by creditors, including clarifications on remedies available to creditors and protections for trustees and beneficiaries who act in good faith.

• Amends Section 3592 to ensure that undisposed trust property does not cause a transfer intended as a qualified disposition to fail to meet statutory requirements.