113.158 – NONTESTAMENTARY NATURE OF CERTAIN TRANSFERS.
Texas Estates Code § 113.158
Summary
This law clarifies that certain transfers made under specified sections are effective due to account contracts and are not considered testamentary. This distinction affects how these transfers are treated under estate law, ensuring they bypass testamentary requirements.
Transfers are based on account contracts, not wills.
Excludes certain transfers from testamentary provisions.
Affects estate planning and asset distribution strategies.
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In simple terms: Learn about Texas's NONTESTAMENTARY NATURE OF CERTAIN TRANSFERS. 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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