Sec. 273. ALLOWANCE IN LIEU OF EXEMPT PROPERTY

In case there should not be among the effects of the deceased all or any of the specific articles exempted from execution or forced sale by the Constitution and laws of this state, the court shall make a reasonable allowance in lieu thereof, to be paid to such surviving spouse and children, or such of them as there are, as hereinafter provided. The allowance in lieu of a homestead shall in no case exceed $15,000 and the allowance for other exempted property shall in no case exceed $5,000, exclusive of the allowance for the support of the surviving spouse, minor children, and adult incapacitated children which is hereinafter provided for.

Acts 1955, 54th Leg., p. 88, ch. 55, eff. Jan. 1, 1956. Amended by Acts 1977, 65th Leg., p. 351, ch. 172, Sec. 1, eff. Aug. 29, 1977; Acts 1979, 66th Leg., p. 35, ch. 24, Sec. 4, eff. Aug. 27, 1979; Acts 1993, 73rd Leg., ch. 846, Sec. 19, eff. Sept. 1, 1993. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 810 , Sec. 1.03, eff. September 1, 2011.