Texas Estates Code

§ 403.0585 — LIABILITY OF INDEPENDENT EXECUTOR FOR PAYMENT OF A CLAIM

ES § 403.0585Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part I. INDEPENDENT ADMINISTRATION · Ch. 403. EXEMPTIONS AND ALLOWANCES; CLAIMS · Art. B. CLAIMS

Statute text

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An independent executor, in the administration of an estate, may pay at any time and without personal liability a claim for money against the estate to the extent approved and classified by the independent executor if:

(1)the claim is not barred by limitations; and

(2)at the time of payment, the independent executor reasonably believes the estate will have sufficient assets to pay all claims against the estate.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 1338 (S.B. 1198), Sec. 2.53, eff. January 1, 2014.