113.154 – OWNERSHIP OF CONVENIENCE ACCOUNT ON DEATH OF
Texas Estates Code § 113.154
Summary
This law clarifies that upon the death of the last surviving account holder of a convenience account, the account does not pass to the convenience signer but remains part of the deceased's estate. It affects individuals involved in estate planning and management of convenience accounts.
Convenience signers have no survivorship rights.
Account ownership stays with the deceased's estate.
Applies to convenience accounts after the last holder's death.
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In simple terms: Learn about Texas's OWNERSHIP OF CONVENIENCE ACCOUNT ON DEATH OF 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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