Texas Deed

TEXAS DISTRIBUTION DEED
[Joint Independent Executors to an Individual Beneficiary]

THE STATE OF TEXAS §

§ KNOW ALL MEN BY THESE PRESENTS:

COUNTY OF §

, deceased (the “Decedent”) died testate on , in , Texas.

Decedent is the same person sometimes also known as .

The Decedent left a valid written Last Will and Testament (the “Will”) dated , which Will has heretofore been duly admitted to probate in Cause No. , Probate Court No. , of County, Texas, styled “The Estate of , deceased” (the “Estate”).

At the time of his death, the Decedent owned an interest in and to certain tracts or parcels of real property situated in County, Texas, which real property is described as follows:

and have been duly appointed by the Probate Court as Joint Independent Executors of the Decedent’s Estate, in which capacity the Independent Executors now continue to act and serve.

Under the express terms and conditions of Article of Part of the Decedent’s Will, the Decedent left, devised, and bequeathed all of his rights, title, and interest in and to the property to the Grantee named below.

Pursuant to Decedent’s Will and as a matter of law, legal title of the Decedent in and to all of the property devised or bequeathed to the Grantee by the Decedent’s Will did vest immediately in the Grantee, a distribute under the Decedent’s Will and of the Decedent’s Estate, subject, however, to the payment of the valid debts, taxes, expenses, and claims of the Decedent and of Decedent’s Estate (except as such property may otherwise be exempted by law), and also further subject to the possessory and administrative right of the Joint Independent Executors to hold and retain possession of all the Decedent’s probate estate during the pendency of the administration of the Decedent’s Estate.

All of the debts, taxes, expenses and claims of the Decedent and/or the Decedent’s Estate have now either been paid or otherwise adequately provided for by the Joint Independent Executors.

The Joint Independent Executors now wish to conclude the final and formal transfer and distribution in kind to the Grantee of all the rights, title, and interest of the Decedent and/or of the Decedent’s Estate in and to the Property, and to formally evidence the release and discharge by the Joint Independent Executors of their right of possession and/or of administration to the Property, which the Joint Independent Executors may have or may have had or be or have been granted either under the express terms of the Decedent’s Will, under the Texas Probate Code, as amended, or otherwise as provided by law;

NOW, THEREFORE, in consideration of the sum of TEN AND 00/100 DOLLARS, ($10.00) and other good and valuable consideration paid by the Grantee herein named, the receipt of which is hereby acknowledged, and , acting jointly in their capacity as Independent Executors of the Estate of , deceased, has GRANTED, SOLD, TRANSFERRED, RELEASED, and CONVEYED, and by these presents do hereby GRANT, SELL, TRANSFER, RELEASE, and CONVEY unto (“Grantee”) and Grantee’s successors and assigns forever, all of the rights, title, and interest of the Decedent and of the Decedent’s Estate in and to all of the Property described.

This conveyance is expressly made by the Joint Independent Executors and accepted by the Grantee (i) without express or implied warranty, and all warranties that might arise by common law and the warranties in Section 5.023 of the Texas Property Code (or its successors) are excluded, and (ii) subject to any and all instruments and conditions of public record in County, Texas, to the extent the same are currently of force and effect.

TO HAVE AND HOLD the above-described real property, together with all and singular the rights and appurtenances thereto in anywise belonging, unto the Grantee and to the Grantee’s successors and assigns forever.

EXECUTED this day of , 20 .