Texas § 1161.053 APPLICABILITY OF PROCEDURE TO CERTAIN ASSETS.

Texas Statutes

§ 1161.053 — APPLICABILITY OF PROCEDURE TO CERTAIN ASSETS.

Texas § 1161.053

Code ESEstates Code

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Bluebook

Tex. Estates Code Code Ann. § 1161.053 (2026).

Text

Sec. 1161.053. APPLICABILITY OF PROCEDURE TO CERTAIN ASSETS. The fact that an account or other asset is the subject of a specific or general gift under a ward's will, if any, or that a ward has funds, securities, or other property held with a right of survivorship does not prevent:

(1)the guardian of the estate from taking possession and control of the asset or closing the account; or

(2)the court from authorizing an action or modifying or eliminating a duty with respect to the possession, control, or investment of the account or other asset.

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Sec. 1161.053. APPLICABILITY OF PROCEDURE TO CERTAIN ASSETS. The fact that an account or other asset is the subject of a specific or general gift under a ward's will, if any, or that a ward has funds, securities, or other property held with a right of survivorship does not prevent:
(1) the guardian of the estate from taking possession and control of the asset or closing the account; or
(2) the court from authorizing an action or modifying or eliminating a duty with respect to the possession, control, or investment of the account or other asset.