Texas Estates Code

§ 1105.154 — SPECIFIC BOND AMOUNT

ES § 1105.154Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part D. CREATION OF GUARDIANSHIP · Ch. 1105. QUALIFICATION OF GUARDIANS · Art. D. OTHER PROVISIONS RELATING TO BONDS OF GUARDIANS OF THE ESTATE

Statute text

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(a)Except as otherwise provided by this section, the judge shall set the amount of a bond of a guardian of an estate in an amount equal to the sum of:

(1)the estimated value of all personal property belonging to the ward; and

(2)an additional amount to cover revenue anticipated to be derived during the succeeding 12 months from:

(A)interest and dividends;

(B)collectible claims;

(C)the aggregate amount of any installments or periodic payments, excluding income derived or to be derived from federal social security payments; and

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.