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.
Official text of the Texas Estates Code as published by the Texas Legislative Council.