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Texas Estates Code - EST § 751.122. Duty to Preserve Principal's Estate Plan

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

An agent shall preserve to the extent reasonably possible the principal's estate plan to the extent the agent has actual knowledge of the plan if preserving the plan is consistent with the principal's best interest based on all relevant factors, including:

(1) the value and nature of the principal's property;

(2) the principal's foreseeable obligations and need for maintenance;

(3) minimization of taxes, including income, estate, inheritance, generation-skipping transfer, and gift taxes; and

(4) eligibility for a benefit, a program, or assistance under a statute or regulation.

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Cite this article: FindLaw.com - Texas Estates Code - EST § 751.122. Duty to Preserve Principal's Estate Plan - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-751-122/

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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