Texas Estates Code 101.003 – Possession of Estate by Personal Representative
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Estates Code 101.003
- Estate: means a decedent's property, as that property:
(1) exists originally and as the property 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 decedent's representative by the trustee of a trust that terminates on the decedent's death, and substitutions for the property; and
(3) is diminished by any decreases in or distributions from the property. See Texas Estates Code 22.012 - Executor: A male person named in a will to carry out the decedent
- Intestate: Dying without leaving a will.
- Testator: A male person who leaves a will at death.
On the issuance of letters testamentary or of administration on an estate described by § 101.001, the executor or administrator has the right to possession of the estate as the estate existed at the death of the testator or intestate, subject to the exceptions provided by § 101.051. The executor or administrator shall recover possession of the estate and hold the estate in trust to be disposed of in accordance with the law.