Texas Estates Code 453.007 – Delivery of Community Estate On Final Partition
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Terms Used In Texas Estates Code 453.007
- Estate: means a decedent's property, as that property:
(1) exists originally and as the property changes in form by sale, reinvestment, or otherwise;
(2) is augmented by any accretions and other additions to the property, including any property to be distributed to the decedent's representative by the trustee of a trust that terminates on the decedent's death, and substitutions for the property; and
(3) is diminished by any decreases in or distributions from the property. See Texas Estates Code 22.012
On final partition of the community estate, the surviving spouse shall deliver to the deceased spouse’s heirs or devisees their interest in the estate, and the increase in and profits of the interest, after deducting from the interest:
(1) the proportion of the debts chargeable to the interest;
(2) unavoidable losses;
(3) necessary and reasonable expenses; and
(4) a reasonable commission for the management of the interest.