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Texas Estates Code - EST § 124.008. Exclusion of Certain Temporary Interests from Apportionment

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

(a) Except as provided by Section 124.009(c), the following temporary interests are not subject to apportionment:

(1) an interest in income;

(2) an estate for years or for life;  or

(3) another temporary interest in any property or fund.

(b) The estate tax apportionable to a temporary interest described by Subsection (a) and the remainder, if any, is chargeable against the corpus of the property or the funds that are subject to the temporary interest and remainder.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 124.008. Exclusion of Certain Temporary Interests from Apportionment - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-124-008/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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