H.B. No. 3395 introduces a new chapter to the Estates Code, specifically Chapter 116, which establishes a framework for beneficiary designations related to manufactured homes classified as personal property. The bill allows owners of manufactured homes to designate one or more beneficiaries to whom their interest in the home will transfer upon their death. This designation is revocable and can be changed at any time without the consent of the beneficiaries. The bill also clarifies that a will cannot revoke or supersede a beneficiary designation, and it outlines the rights of designated beneficiaries and joint owners regarding the transfer of ownership.

Additionally, the bill amends existing definitions in the Estates Code to include beneficiary designations for manufactured homes and specifies the process for designating beneficiaries through the issuance of a statement of ownership. It mandates that the legal names of beneficiaries must be included in the ownership statement and establishes a timeline for submitting applications following the owner's death. The bill also addresses the implications of beneficiary designations on creditor claims and the rights of joint owners. The provisions of this act will take effect on September 1, 2025.

Statutes affected:
Introduced: Estates Code 122.001, Subchapter E, Chapter , Occupations Code 116.001 (Estates Code 122, Subchapter E, Chapter , Occupations Code 116)
House Committee Report: Estates Code 122.001, Subchapter E, Chapter , Occupations Code 116.001 (Estates Code 122, Subchapter E, Chapter , Occupations Code 116)
Engrossed: Estates Code 122.001, Subchapter E, Chapter , Occupations Code 116.001 (Estates Code 122, Subchapter E, Chapter , Occupations Code 116)
Senate Committee Report: Estates Code 122.001, Subchapter E, Chapter , Occupations Code 116.001 (Estates Code 122, Subchapter E, Chapter , Occupations Code 116)