Bill Text: TX HB151 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to exercise of authority by a personal representative of a decedent's estate without court approval.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-02-25 - Referred to Judiciary & Civil Jurisprudence [HB151 Detail]
Download: Texas-2021-HB151-Introduced.html
87R2028 EAS-D | ||
By: Landgraf | H.B. No. 151 |
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relating to exercise of authority by a personal representative of a | ||
decedent's estate without court approval. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 351.052(a), Estates Code, is amended to | ||
read as follows: | ||
(a) A personal representative of an estate may, without | ||
application to or order of the court: | ||
(1) release a lien on payment at maturity of the debt | ||
secured by the lien; | ||
(2) vote stocks by limited or general proxy; | ||
(3) pay calls and assessments; | ||
(4) insure the estate against liability in appropriate | ||
cases; | ||
(5) insure estate property against fire, theft, and | ||
other hazards; [ |
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(6) pay taxes, court costs, and bond premiums; | ||
(7) hire an accountant, bookkeeper, or other tax | ||
professional to assist with any tax filing required for the | ||
decedent or the estate; | ||
(8) hire a real estate agent to assist with the | ||
marketing and selling of any real property of the estate; | ||
(9) hire an appraiser to assist with any valuations | ||
required for estate property for which the court has not appointed | ||
an appraiser to appraise the property; | ||
(10) pay all reasonable costs necessary to exercise | ||
the personal representative's duty of care under Section 351.101; | ||
or | ||
(11) pay all reasonable costs related to the exercise | ||
of any power listed in Subdivisions (1)-(9). | ||
SECTION 2. The changes in law made by this Act to Section | ||
351.052(a), Estates Code, apply only to the administration of the | ||
estate of a decedent who dies on or after the effective date of this | ||
Act. The administration of the estate of a decedent who dies before | ||
the effective date of this Act is governed by the law in effect on | ||
the date of the decedent's death, and the former law is continued in | ||
effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2021. |