Bill: HB 3121, 85(R) - 2017
Committee
House Judiciary & Civil Jurisprudence
Companion Bill
SB 2150
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Yes |
Neutral |
Positive |
Neutral |
Neutral |
Neutral |
Author(s)
Jessica Farrar
Bill Caption
Relating to a revocable deed that transfers real property at the transferor's death.
Fiscal Notes
No significant fiscal implication to the State is anticipated.
Bill Analysis
HB 3121 would make procedural changes to the lapse of the share of a designated beneficiary who predeceases the testator. The optional form for transfer on death deed would be updated to further detail the procedures if one surviving beneficiary exists, no surviving primary beneficiary exists, and no surviving alternate beneficiary exists after the death of the transferor.
Vote Recommendation Notes
This bill would support property rights both for the transferor and beneficiaries involved. We support HB 3121.
