Tex. Est. Code § 405.0015

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 405.0015 - Distributions Generally

Unless the will, if any, or a court order provides otherwise, an independent executor may, in distributing property not specifically devised that the independent executor is authorized to sell:

(1) make distributions in divided or undivided interests;

(2) allocate particular assets in proportionate or disproportionate shares;

(3) value the estate property for the purposes of acting under Subdivision (1) or (2); and

(4) adjust the distribution, division, or termination for resulting differences in valuation.

Tex. Estates § 405.0015

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 844,Sec. 33, eff. 9/1/2017.