Texas Estates Code

§ 305.153 — SPECIFIC BOND AMOUNT

ES § 305.153Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part G. INITIAL APPOINTMENT OF PERSONAL REPRESENTATIVE AND OPENING OF ADMINISTRATION · Ch. 305. QUALIFICATION OF PERSONAL REPRESENTATIVES · Art. D. AMOUNT OF BOND AND ASSOCIATED DEPOSITS

Statute text

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

(1)the estimated value of all personal property belonging to the estate; 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 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.