Sec. 1162.002. ESTATE OR OTHER TRANSFER PLAN: CONTENTS AND MODIFICATION. (a) The person making an application to the court under Section 1162.001 shall:
(1) outline the proposed estate or other transfer plan; and
(2) state all the benefits that are to be derived from the plan.
(b) The application must indicate that the planned disposition is consistent with the ward's intentions, if the ward's intentions can be ascertained. If the ward's intentions cannot be ascertained, the ward will be presumed to favor reduction in the incidence of the various forms of taxation, the qualification for government benefits, and the partial distribution of the ward's estate as provided by Sections 1162.001 and 1162.004.
(c) A subsequent modification of an approved plan may be made by similar application to the court.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 6.051, eff. January 1, 2014.
Section: Previous 1162.001 1162.002 1162.003 1162.004 1162.005 1162.006 1162.007 1162.008 1162.051 1162.052 NextLast modified: September 28, 2016