Texas 2019 - 86th Regular

Texas House Bill HB2064

Caption

Relating to recovery of the funds of an estate delivered to the comptroller.

Impact

The bill impacts state laws regarding the management and recovery of funds associated with estates, thereby clarifying the rights of heirs and beneficiaries. By specifying the claim process and emphasizing compliance with the Property Code, the bill aims to reduce confusion and expedite the distribution of estate funds. It also repeals certain sections of the Estates Code that may no longer be necessary, indicating a movement toward simplifying the regulations governing estate recovery.

Summary

House Bill 2064 relates to the recovery of funds from estates that have been delivered to the comptroller. This bill amends the Estates Code, specifically Section 551.003 and Section 551.051, to clarify the procedure for heirs or devisees to recover their entitled share of estate funds paid to the comptroller. By allowing heirs, devisees, or their assigns to file claims with the comptroller in accordance with existing property law provisions, the bill seeks to streamline the recovery process for these funds.

Contention

Potential points of contention regarding HB 2064 may arise from its implications for creditors and lienholders, as it clearly delineates the rights of heirs and assigns. Section 74.501(e) restricts payment to creditors and those holding powers of attorney, which might create tensions among stakeholders who seek claims against estate funds. Discussions surrounding this bill could focus on balancing the rights of heirs with the interests of creditors, determining how these changes could impact the recovery of debts and the estate administration process more broadly.

Companion Bills

TX SB1420

Same As Relating to recovery of the funds of an estate delivered to the comptroller.

Previously Filed As

TX HB1221

Relating to authorizing the comptroller to release a reported owner's unclaimed property to the owner's crime victim in certain circumstances and payment by the Texas Department of Criminal Justice of certain amounts owed by an inmate.

TX SB57

Relating to authorizing the comptroller to release a reported owner's unclaimed property to the owner's crime victim in certain circumstances and payment by the Texas Department of Criminal Justice of certain amounts owed by an inmate.

TX SB1373

Relating to decedents' estates and the delivery of certain notices or other communications in connection with those estates or multiple-party accounts.

TX HB2821

Relating to decedents' estates and the delivery of certain notices or other communications in connection with those estates or multiple-party accounts.

TX SB658

Relating to the disposition of money from certain attorney accounts delivered to the comptroller as unclaimed property.

TX HB1763

Relating to the disposition of money from certain attorney accounts delivered to the comptroller as unclaimed property.

TX HB1363

Relating to the repeal of the real estate inspection recovery fund.

TX SB2425

Relating to the repeal of the real estate inspection recovery fund.

TX HB3184

Relating to guardianships and the delivery of certain notices or other communications in connection with guardianship proceedings.

TX SB1457

Relating to guardianships and the delivery of certain notices or other communications in connection with guardianship proceedings.

Similar Bills

No similar bills found.