Valuation of Property Distributed in Kind in Satisfaction of Pecuniary Gift
Valuation and Taxation of Estate Property · Satisfaction of Certain Pecuniary Gifts
Unless the governing instrument provides otherwise, if a will or trust contains a pecuniary devise or transfer that may be satisfied by distributing assets in kind and the executor, administrator, or trustee determines to fund the devise or transfer by distributing assets in kind, the property shall be valued, for the purpose of funding the devise or transfer, at the value of the property on the date or dates of distribution.
Official text of the Texas Estates Code as published by the Texas Legislative Council.
