Tex. Est. Code § 124.051
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Unless the governing instrument provides otherwise, if a will or trust contains a pecuniary devise or transfer that may be satisfied by distributing assets in kind and the executor, administrator, or trustee determines to fund the devise or transfer by distributing assets in kind, the property shall be valued, for the purpose of funding the devise or transfer, at the value of the property on the date or dates of distribution.
Tex. Estates § 124.051