Valuation of Property

Construction and Interpretation of Wills · Lifetime Gifts as Satisfaction of Devise

Property given in partial satisfaction of a devise shall be valued as of the earlier of:

(1) the date the devisee acquires possession of or enjoys the property; or

(2) the date of the testator's death.

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

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.