Honorable Will Hartnett, Chair, House Committee on Judiciary
FROM:
John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:
HB2011 by Nixon (Relating to the creation of a living trust; providing a penalty.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would prevent persons other than lawyers from selling a document purporting to create a living trust.The bill provides for a civil penalty of up to $20,000 to be paid to the State for a violation of the prohibition on non-lawyers selling a living trust.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
212 Office of Court Administration, Texas Judicial Council