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.
Sponsorship: Partisan Bill (Republican 1)
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. | ||
