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Texas Estates Code - EST § 1161.053. Applicability of Procedure to Certain Assets

Current as of January 01, 2024 | Updated by Findlaw Staff

The fact that an account or other asset is the subject of a specific or general gift under a ward's will, if any, or that a ward has funds, securities, or other property held with a right of survivorship does not prevent:

(1) the guardian of the estate from taking possession and control of the asset or closing the account;  or

(2) the court from authorizing an action or modifying or eliminating a duty with respect to the possession, control, or investment of the account or other asset.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 1161.053. Applicability of Procedure to Certain Assets - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-1161-053/

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