Texas Estates Code 1002.010 – Estate; Guardianship Estate
Current as of: 2024 | Check for updates
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Terms Used In Texas Estates Code 1002.010
- Property: means real and personal property. See Texas Government Code 311.005
- Trustee: A person or institution holding and administering property in trust.
- Ward: means a person for whom a guardian has been appointed. See Texas Estates Code 22.033
“Estate” or “guardianship estate” means a ward‘s or deceased ward’s property, as that property:
(1) exists originally and changes in form by sale, reinvestment, or otherwise;
(2) is augmented by any accretions and other additions to the property, including any property to be distributed to the deceased ward’s representative by the trustee of a trust that terminates on the ward’s death, or substitutions for the property; and
(3) is diminished by any decreases in or distributions from the property.