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Texas Estates Code - EST § 1161.106. Control and Ownership of Policies or Annuities

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

(a) Control of an insurance policy or an annuity contract and of the incidents of ownership in the policy or contract is vested in the guardian of the estate during the ward's life and disability.

(b) A right, benefit, or interest that accrues under an insurance policy or annuity contract subject to this subchapter becomes the ward's exclusive property when the ward's disability is terminated.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 1161.106. Control and Ownership of Policies or Annuities - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-1161-106/

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