Tex. Est. Code § 1161.151 · Subchapter D. INVESTMENTS IN REAL ESTATE
AUTHORITY TO INVEST IN REAL ESTATE; PROCEDURE AND REQUIREMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The guardian of the estate may invest estate assets in real estate if:
(1) the guardian believes that the investment is in the ward's best interests;
(2) there are on hand sufficient additional assets to provide a return sufficient to provide for:
(A) the education, support, and maintenance of the ward and others the ward supports, if applicable; and
(B) the maintenance, insurance, and taxes on the real estate in which the guardian wishes to invest;
(3) the guardian files a written application with the court requesting a court order authorizing the guardian to make the desired investment and stating the reasons why, in the guardian's opinion, the investment would be for the ward's benefit; and
(4) the court issues an order authorizing the investment as provided by this subchapter.
(b) If the ward's money is invested in real estate, the title to the real estate shall be made to the ward. The guardian shall inventory, appraise, manage, and account for the real estate as the guardian does with other real estate of the ward.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1161.htm
- Text hash
- sha256 1193789bf4ee74a16ef82da5b4ff2dbb0395e105be69cdf593a33ced1983a3db
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.