Texas Estates Code 1204.152 – Discharge of Guardian When Estate Fully Administered
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Terms Used In Texas Estates Code 1204.152
- Court: means and includes:
(1) a county court in the exercise of its probate jurisdiction;
(2) a court created by statute and authorized to exercise original probate jurisdiction; and
(3) a district court exercising original probate jurisdiction in a contested matter. See Texas Estates Code 22.007 - 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 - Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Person: includes a natural person and a corporation. See Texas Estates Code 22.027
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
The court shall enter an order discharging a guardian of the estate from the guardian’s trust and declaring the estate closed when:
(1) the guardian has fully administered the estate in accordance with this title and the court’s orders;
(2) the guardian’s account for final settlement has been approved; and
(3) the guardian has delivered all of the estate remaining in the guardian’s possession to any person entitled to receive the estate.