§ 37B. ASSIGNMENT OF PROPERTY RECEIVED FROM A DECEDENT. (a) A person entitled to receive property or an interest in property from a decedent under a will, by inheritance, or as a beneficiary under a life insurance contract, and who does not disclaim the property under Section 37A of this code, may assign the property or interest in property to any person. (b) The assignment may, at the request of the assignor, be filed as provided for the filing of a disclaimer under Section 37A(a) of this code. The filing requires the service of notice under Section 37A(b) of this code. (c) Failure to comply with the provisions of Section 37A of this code does not affect an assignment under this section. (d) An assignment under this section is a gift to the assignee and is not a disclaimer or renunciation under Section 37A of this code. (e) An assignment that would defeat a spendthrift provision imposed in a trust may not be made under this section. Added by Acts 1985, 69th Leg., ch. 880, § 1, eff. Sept. 1, 1985.

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Last modified: August 10, 2007