Estates Code § 360.002

This section lets certain estate representatives or beneficiaries ask the court for a partial distribution, and it requires notice to interested parties; if only some heirs or devisees receive the distribution, the court must require a refunding bond unless everyone waives that requirement.

Jurisdiction: United States — Texas
Instrument: Code
Version: Undated source snapshot
Language: en
Official source: View official record ↗

partial distribution of estate probate procedure

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Provisions of Estates Code § 360.002

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360.002
Estates Code § 360.002
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This section lets certain estate representatives or beneficiaries ask the court for a partial distribution, and it requires notice to interested parties; if only some heirs or devisees receive the distribution, the court must require a refunding bond unless everyone waives that requirement.

Sec. 360.002. APPLICATION FOR PARTIAL DISTRIBUTION. (a) At any time after original letters testamentary or of administration are granted and the inventory, appraisement, and list of claims are filed and approved, an executor, administrator, heir, or devisee of a decedent's estate, by written application filed in the court in which the estate is pending, may request a distribution of any portion of the estate. (b) All interested parties, including known creditors, must be personally cited as in other distributions. (c) Except as provided by Subsection (d), the court, on proper citation and hearing, may distribute any portion of the estate the court considers advisable. (d) If a distribution is to be made to one or more heirs or devisees, but not to all heirs or devisees, the court shall require a refunding bond in an amount determined by the court to be filed with the court, unless a written waiver of the bond requirement is filed with the court by all interested parties. On approving the bond, if required, the court shall order the distribution of the relevant portion of the estate. (e) This section applies to corpus as well as income, notwithstanding any other provision of this title. Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014. SUBCHAPTER B. CITATION

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Estates Code § 360.002

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Provisions of Estates Code § 360.002

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