Texas Estates Code

§ 310.004 — INCOME DETERMINATION AND DISTRIBUTION

ES § 310.004Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part G. INITIAL APPOINTMENT OF PERSONAL REPRESENTATIVE AND OPENING OF ADMINISTRATION · Ch. 310. ALLOCATION OF ESTATE INCOME AND EXPENSES

Statute text

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(a)Unless a will provides otherwise, income from the assets of a decedent's estate that accrues after the death of the testator and before distribution, including income from property used to discharge liabilities, shall be:

(1)determined according to the rules applicable to a trustee under the Texas Trust Code (Subtitle B, Title 9, Property Code); and

(2)distributed as provided by Subsections (b) and (c) and by Chapter 116, Property Code.

(b)Income from property devised to a specific devisee shall be distributed to the devisee after reduction for:

(1)property taxes;

(2)other taxes, including taxes imposed on income that accrues during the period of administration and that is payable to the devisee;

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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.