Tex. Estates Code § 1161.151
This is the official text of Tex. Estates Code § 1161.151, part of Texas’s Estates Code — governs wills, probate, and estate administration.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 1161.151. AUTHORITY TO INVEST IN REAL ESTATE; PROCEDURE AND REQUIREMENTS.
Official statutory text
(a) The guardian of the estate may invest estate assets in real estate if:
(1) the guardian believes that the investment is in the ward's best interests;
(2) there are on hand sufficient additional assets to provide a return sufficient to provide for:
(A) the education, support, and maintenance of the ward and others the ward supports, if applicable; and
(B) the maintenance, insurance, and taxes on the real estate in which the guardian wishes to invest;
(3) the guardian files a written application with the court requesting a court order authorizing the guardian to make the desired investment and stating the reasons why, in the guardian's opinion, the investment would be for the ward's benefit; and
(4) the court issues an order authorizing the investment as provided by this subchapter.
(b) If the ward's money is invested in real estate, the title to the real estate shall be made to the ward. The guardian shall inventory, appraise, manage, and account for the real estate as the guardian does with other real estate of the ward.
(1) the guardian believes that the investment is in the ward's best interests;
(2) there are on hand sufficient additional assets to provide a return sufficient to provide for:
(A) the education, support, and maintenance of the ward and others the ward supports, if applicable; and
(B) the maintenance, insurance, and taxes on the real estate in which the guardian wishes to invest;
(3) the guardian files a written application with the court requesting a court order authorizing the guardian to make the desired investment and stating the reasons why, in the guardian's opinion, the investment would be for the ward's benefit; and
(4) the court issues an order authorizing the investment as provided by this subchapter.
(b) If the ward's money is invested in real estate, the title to the real estate shall be made to the ward. The guardian shall inventory, appraise, manage, and account for the real estate as the guardian does with other real estate of the ward.
Status: in_force · Read it on the official government site
Dealing with a probate matter in Texas?
See all Texas Probate lawyers
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.