Texas Statutes (Last Updated: January 4, 2014) |
ESTATES CODE |
Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY |
Subtitle H. CONTINUATION OF ADMINISTRATION |
Chapter 355. PRESENTMENT AND PAYMENT OF CLAIMS |
Subchapter C. PAYMENT OF CLAIMS, ALLOWANCES, AND EXPENSES |
Sec. 355.103. PRIORITY OF CERTAIN PAYMENTS
Latest version.
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When a personal representative has estate funds in the representative's possession, the representative shall pay in the following order:
(1) funeral expenses and expenses of the decedent's last illness, in an amount not to exceed $15,000;
(2) allowances made to the decedent's surviving spouse and children, or to either the surviving spouse or children;
(3) expenses of administration and expenses incurred in preserving, safekeeping, and managing the estate; and
(4) other claims against the estate in the order of the claims' classifications.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 , Sec. 1, eff. January 1, 2014.