Tex. Est. Code Section 113.052
Form

A financial institution may use the following form to establish the type of account selected by a party:
UNIFORM SINGLE-PARTY OR MULTIPLE-PARTY ACCOUNT SELECTION FORM NOTICE: The type of account you select may determine how property passes on your death. Your will may not control the disposition of funds held in some of the following accounts. You may choose to designate one or more convenience signers on an account, even if the account is not a convenience account. A designated convenience signer may make transactions on your behalf during your lifetime, but does not own the account during your lifetime. The designated convenience signer owns the account on your death only if the convenience signer is also designated as a P.O.D. payee or trust account beneficiary.
Select one of the following accounts by placing your initials next to the account selected:
___ (1) SINGLE-PARTY ACCOUNT WITHOUT “P.O.D.” (PAYABLE ON DEATH) DESIGNATION. The party to the account owns the account. On the death of the party, ownership of the account passes as a part of the party’s estate under the party’s will or by intestacy.
Enter the name of the party:
________________________________________________________________
Enter the name(s) of the convenience signer(s), if you want one or more convenience signers on this account:
________________________________________________________________
________________________________________________________________
___ (2) SINGLE-PARTY ACCOUNT WITH “P.O.D.” (PAYABLE ON DEATH) DESIGNATION. The party to the account owns the account. On the death of the party, ownership of the account passes to the P.O.D. beneficiaries of the account. The account is not a part of the party’s estate.
Enter the name of the party:
________________________________________________________________
Enter the name or names of the P.O.D. beneficiaries:
________________________________________________________________
________________________________________________________________
Enter the name(s) of the convenience signer(s), if you want one or more convenience signers on this account:
________________________________________________________________
________________________________________________________________
___ (3) MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP. The parties to the account own the account in proportion to the parties’ net contributions to the account. The financial institution may pay any sum in the account to a party at any time. On the death of a party, the party’s ownership of the account passes as a part of the party’s estate under the party’s will or by intestacy.
Enter the names of the parties:
________________________________________________________________
________________________________________________________________
________________________________________________________________
Enter the name(s) of the convenience signer(s), if you want one or more convenience signers on this account:
________________________________________________________________
________________________________________________________________
___ (4) MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP. The parties to the account own the account in proportion to the parties’ net contributions to the account. The financial institution may pay any sum in the account to a party at any time. On the death of a party, the party’s ownership of the account passes to the surviving parties.
Enter the names of the parties:
________________________________________________________________
________________________________________________________________
Enter the name(s) of the convenience signer(s), if you want one or more convenience signers on this account:
________________________________________________________________
________________________________________________________________
___ (5) MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND P.O.D. (PAYABLE ON DEATH) DESIGNATION. The parties to the account own the account in proportion to the parties’ net contributions to the account. The financial institution may pay any sum in the account to a party at any time. On the death of the last surviving party, the ownership of the account passes to the P.O.D. beneficiaries.
Enter the names of the parties:
________________________________________________________________
________________________________________________________________
Enter the name or names of the P.O.D. beneficiaries:
________________________________________________________________
________________________________________________________________
Enter the name(s) of the convenience signer(s), if you want one or more convenience signers on this account:
________________________________________________________________
________________________________________________________________
___ (6) CONVENIENCE ACCOUNT. The parties to the account own the account. One or more convenience signers to the account may make account transactions for a party. A convenience signer does not own the account. On the death of the last surviving party, ownership of the account passes as a part of the last surviving party’s estate under the last surviving party’s will or by intestacy. The financial institution may pay funds in the account to a convenience signer before the financial institution receives notice of the death of the last surviving party. The payment to a convenience signer does not affect the parties’ ownership of the account.
Enter the names of the parties:
________________________________________________________________
________________________________________________________________
Enter the name(s) of the convenience signer(s):
________________________________________________________________
________________________________________________________________
___ (7) TRUST ACCOUNT. The parties named as trustees to the account own the account in proportion to the parties’ net contributions to the account. A trustee may withdraw funds from the account. A beneficiary may not withdraw funds from the account before all trustees are deceased. On the death of the last surviving trustee, the ownership of the account passes to the beneficiary. The trust account is not a part of a trustee’s estate and does not pass under the trustee’s will or by intestacy, unless the trustee survives all of the beneficiaries and all other trustees.
Enter the name or names of the trustees:
________________________________________________________________
________________________________________________________________
Enter the name or names of the beneficiaries:
________________________________________________________________
________________________________________________________________
Enter the name(s) of the convenience signer(s), if you want one or more convenience signers on this account:
________________________________________________________________
________________________________________________________________
ACKNOWLEDGMENT: I acknowledge that I have read each paragraph of this form and have received disclosure of the ownership rights to the accounts listed above. I have placed my initials next to the type of account I want.
_______________________
Signature
Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. January 1, 2014.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303), Sec. 8.005, eff. January 1, 2014.
Acts 2017, 85th Leg., R.S., Ch. 304 (S.B. 714), Sec. 1, eff. September 1, 2017.

Source: Section 113.052 — Form, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­113.­htm#113.­052 (accessed May 4, 2024).

113.001
General Definitions 113.002
Definition of Party 113.003
Definition of Net Contribution 113.004
Types of Accounts 113.005
Authority of Financial Institutions to Enter into Certain Accounts 113.051
Establishment of Type of Account 113.052
Form 113.053
Required Disclosure 113.101
Effect of Certain Provisions Regarding Ownership Between Parties and Others 113.102
Ownership of Joint Account During Parties’ Lifetimes 113.104
Ownership of Trust Account During Trustee’s Lifetime 113.105
Ownership of Convenience Account 113.106
Ownership and Operation of Other Account with Convenience Signer 113.151
Establishment of Right of Survivorship in Joint Account 113.153
Ownership of Trust Account on Death of Trustee 113.154
Ownership of Convenience Account on Death of Party 113.155
Effect of Death of Party on Certain Accounts Without Rights of Survivorship 113.156
Applicability of Certain Provisions on Death of Party 113.157
Written Notice to Financial Institutions Regarding Form of Account 113.158
Nontestamentary Nature of Certain Transfers 113.201
Applicability of Subchapter 113.202
Payment of Multiple-party Account 113.203
Payment of Joint Account 113.205
Payment of Trust Account 113.206
Payment of Convenience Account 113.207
Liability for Payment from Joint Account After Death 113.208
Liability for Payment from Convenience Account 113.209
Discharge from Claims 113.210
Set-off to Financial Institution 113.251
Pledge of Account 113.252
Rights of Creditors 113.253
No Effect on Certain Rights and Liabilities of Financial Institutions 113.0531
Use of Form and Disclosure by Credit Unions 113.1541
Ownership of Other Account with Convenience Signer on Death of Last Surviving Party
Green check means up to date. Up to date

Accessed:
May 4, 2024

§ 113.052’s source at texas​.gov