Bill

HB 654

87(R) - 2021
House Judiciary & Civil Jurisprudence
Senate Jurisprudence
House Judiciary & Civil Jurisprudence
Senate Jurisprudence
Property Rights
Civil Procedure
Probate

Contact the Author

Eddie Lucio III

Phone:

512-463-0606

Capitol Office:

Room GN.8

Email:

Vote Recommendation

Yes
  • Neutral
  • Positive
  • Neutral
  • Positive
  • Positive

Author(s)

Eddie Lucio III
Steve Allison
Dustin Burrows
Jeff Leach

Co-Author(s)

Kyle Biedermann

Sponsor(s)

Nathan Johnson

Bill Caption

Relating to the rule against perpetuities.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

HB 654 would increase the rule against perpetuities for trusts. Beginning on the effective date of the bill, any interest in a non-charitable trust would have to vest within 300 years of the date the trust becomes effective, rather than the existing 21 years.

Vote Recommendation Notes

Texas Action supports HB 654 because it expands the property rights of Texans when creating trusts. The existing rule against perpetuities prevents property owners of all wealth levels from creating interests in their property more than one or two generations down the line. If enacted, HB 654 would give owners more liberty to decide what should happen to their property after they pass away and reduce government interference in their estate planning decisions. 

Contact the Author

Eddie Lucio III

Phone:

512-463-0606

Capitol Office:

Room GN.8

Email: