LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 6, 2009 TO: Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2843 by Riddle (Relating to certain joint accounts with rights of survivorship.), As Introduced No fiscal implication to the State is anticipated. The bill would require that sums remaining on deposit at the death of a party to a joint account with a written agreement, as described by Section 439(a) of the Texas Probate Code, belong to the estate of the deceased party if there is one surviving party and the surviving party is not the deceased party's beneficiary under a will or other depository document. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, MN, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 6, 2009
TO: Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2843 by Riddle (Relating to certain joint accounts with rights of survivorship.), As Introduced
TO: Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB2843 by Riddle (Relating to certain joint accounts with rights of survivorship.), As Introduced
Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence
Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB2843 by Riddle (Relating to certain joint accounts with rights of survivorship.), As Introduced
HB2843 by Riddle (Relating to certain joint accounts with rights of survivorship.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would require that sums remaining on deposit at the death of a party to a joint account with a written agreement, as described by Section 439(a) of the Texas Probate Code, belong to the estate of the deceased party if there is one surviving party and the surviving party is not the deceased party's beneficiary under a will or other depository document.
The bill would require that sums remaining on deposit at the death of a party to a joint account with a written agreement, as described by Section 439(a) of the Texas Probate Code, belong to the estate of the deceased party if there is one surviving party and the surviving party is not the deceased party's beneficiary under a will or other depository document.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, MN, SD, SJS
JOB, MN, SD, SJS