Texas Estates Code 1354.006 – Receiver’s Expenses, Account, and Compensation
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(a) All necessary expenses incurred by a receiver in administering the estate may be reported monthly to the judge in the form of a sworn statement of account that includes a report of:
(1) the receiver’s acts;
(2) the condition of the estate;
(3) the status of the threatened danger to the estate; and
(4) the progress made toward abatement of the danger.
(b) If the judge is satisfied that the statement is correct and reasonable in all respects, the judge shall promptly enter an order approving the expenses and authorizing reimbursement of the receiver from the estate funds in the receiver’s possession.
Terms Used In Texas Estates Code 1354.006
- 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.
- Judge: means the presiding judge of any court having original jurisdiction over probate proceedings, regardless of whether the court is:
(1) a county court in the exercise of its probate jurisdiction;
(2) a court created by statute and authorized to exercise probate jurisdiction; or
(3) a district court exercising probate jurisdiction in a contested matter. See Texas Estates Code 22.019 - sworn: includes affirm or affirmed. See Texas Government Code 312.011
(c) A receiver shall be compensated for services provided in the receiver’s official capacity in the same manner and amount provided by this title for similar services provided by a guardian of an estate.