FYI Friday
CONVERSION OF MUNIMENT OF TITLE TO INDEPENDENT ADMINISTRATION
Have you ever needed an appointment of an executor or administrator after the will has already been admitted as a muniment of title? The typical necessity for conversion occurs when a financial institution (usually a national chain) will not accept a Muniment of Title order. Muniment of Title procedure is something unique to Texas and national chains may require an appointment of an Executor or Administrator.
In the 2019 legislative session , the following provisions were included, adopted and passed into law: 1. Tex. Est. Code § 257.151 – admission of a will as a muniment does not preclude the subsequent appointment of an executor or administrator, so long as the application is filed within the original time frame for opening administrations, or the court otherwise finds administration necessary (per Tex. Est. Code § 301.002(b)). 2. Tex. Est. Code § Sec. 257.151 – The deadline for granting letters, for giving notice to the beneficiaries, and for filing the affidavit or certificate of that notice will then run from the date of qualification rather than the date the will was originally admitted to probate.
