Tex. Estates Code § 124.051
This is the official text of Tex. Estates Code § 124.051, part of Texas’s Estates Code — governs wills, probate, and estate administration.
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§ 124.051. VALUATION OF PROPERTY DISTRIBUTED IN KIND IN SATISFACTION OF PECUNIARY GIFT.
Official statutory text
Unless the governing instrument provides otherwise, if a will or trust contains a pecuniary devise or transfer that may be satisfied by distributing assets in kind and the executor, administrator, or trustee determines to fund the devise or transfer by distributing assets in kind, the property shall be valued, for the purpose of funding the devise or transfer, at the value of the property on the date or dates of distribution.
Status: in_force · Read it on the official government site
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