Texas Estates Code

§ 255.101 — CERTAIN LIFETIME GIFTS CONSIDERED SATISFACTION OF DEVISE

ES § 255.101Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part F. WILLS · Ch. 255. CONSTRUCTION AND INTERPRETATION OF WILLS · Art. C. LIFETIME GIFTS AS SATISFACTION OF DEVISE

Statute text

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Property that a testator gives to a person during the testator's lifetime is considered a satisfaction, either wholly or partly, of a devise to the person if:

(1)the testator's will provides for deduction of the lifetime gift from the devise;

(2)the testator declares in a contemporaneous writing that the lifetime gift is to be deducted from, or is in satisfaction of, the devise; or

(3)the devisee acknowledges in writing that the lifetime gift is in satisfaction of the devise.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.