1101.156 – DEPOSIT OF ESTATE ASSETS. (a) At the time or
Texas Estates Code § 1101.156
Summary
This law allows a court to require the deposit of a ward's assets in a financial institution after appointing a guardian but before issuing letters of guardianship. It ensures the safekeeping of the ward's cash and securities during this transitional period.
Court can mandate asset deposits before guardianship letters are issued.
Assets must be held in a specified financial institution.
Bond amount for the guardian is reduced based on deposited assets.
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In simple terms: Learn about Texas's DEPOSIT OF ESTATE ASSETS. (a) At the time or law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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