Sec. 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.
Added by Acts 2017, 85th Leg., R.S., Ch. 844 (H.B. 2271), Sec. 33, eff. September 1, 2017.
Structure Texas Statutes
Title 2 - Estates of Decedents; Durable Powers of Attorney
Subtitle I - Independent Administration
Chapter 405 - Closing and Distributions
Section 405.001. Accounting and Distribution
Section 405.0015. Distributions Generally
Section 405.002. Receipts and Releases for Distributions by Independent Executor
Section 405.003. Judicial Discharge of Independent Executor
Section 405.004. Closing Independent Administration by Closing Report or Notice of Closing Estate
Section 405.005. Closing Report
Section 405.006. Notice of Closing Estate
Section 405.007. Effect of Filing Closing Report or Notice of Closing Estate
Section 405.008. Partition and Distribution or Sale of Property Incapable of Division
Section 405.009. Closing Independent Administration on Application by Distributee
Section 405.010. Issuance of Letters