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Texas Estates Code - EST § 353.107. Sale of Estate Property to Raise Funds for Family Allowance

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

(a) The court shall, as soon as the inventory, appraisement, and list of claims are returned and approved or the affidavit in lieu of the inventory, appraisement, and list of claims is filed, order the sale of estate property for cash in an amount that will be sufficient to raise the amount of the family allowance, or a portion of that amount, as necessary, if:

(1) the decedent had no personal property that the surviving spouse, the guardian of the decedent's minor children, or the guardian of the decedent's adult incapacitated child or other appropriate person acting on behalf of the adult incapacitated child is willing to take for the family allowance, or the decedent had insufficient personal property;  and

(2) there are not sufficient estate funds in the executor's or administrator's possession to pay the amount of the family allowance or a portion of that amount, as applicable.

(b) Property specifically devised to another may be sold to raise cash as provided by Subsection (a) only if other available property is insufficient to pay the family allowance.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 353.107. Sale of Estate Property to Raise Funds for Family Allowance - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-353-107/

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