Yes, per Texas Property Code § 141.001-141.025, you may be able to convince a district court to transfer a minor's property to a custodian under the Texas Uniform Transfers to Minors Act; see § 141.004. A custodianship has the flexibility of a trust as far as investing and being able to make disbursements without court order and lasts until age 21. Click here for more information.
"Sale of Minor's Interest Without Guardianship.
When the net value of a minor's interest in real estate is $100,000 or less, any parent (natural or adoptive) or managing conservator of the child may apply to the probate court for an order authorizing the parent/conservator to sell the minor's interest without first being appointed guardian of the minor's estate. Sale of the minor's interest must be for cash. A minimum of five days must elapse between filing of the application and entry of the court's order. The court must specifically determine that the sale is in the best interests of the minor. After closing, the minor's net proceeds of sale must be deposited in the registry of the probate court, and withdrawal of the funds is subject to the court's approval. Venue for this proceeding is the same as for appointment of a guardian. A sale made under this statute cannot be disaffirmed when the minor achieves the age of majority. [TEX. PROBATE COURT Sec. 889].
This procedure provides an efficient means of selling a minor child's interest that has vested directly as the result of careless conveyancing, termination of a trust, or inheritance through a decedent's estate that is not subject to a pending administration. It avoids the costs and difficulties associated with an extended formal guardianship when such a proceeding is not otherwise considered necessary.
Distribution of Minor's Interest to Custodian.
If an interest in real estate has vested directly in a minor child as part of a decedent's estate under administration, the independent executor or independent administrator of the estate may transfer the interest to a statutory custodian for the minor under the Texas Uniform Transfers to Minors Act. The transfer must be authorized by the probate court if the value of the minor's interest exceeds $10,000. [TEX. PROPERTY CODE Sec. 141.007]. The deed from the executor or administrator must identify the grantee as follows: "(custodian's name), as Custodian for (minor's name) under the Texas Uniform Transfers to Minors Act." [TEX. PROPERTY CODE Sec. 141.010(a)(5)]. So long as he or she acts expressly in the capacity of custodian for the minor under the Act, the custodian has complete power and authority to sell and convey custodial real property. [TEX. PROPERTY CODE Sec. 141.014].
If the real property cannot or will not be sold by the independent executor/administrator during administration of the decedent's estate, this procedure provides a means of distributing the minor's interest out of the estate and creating an arrangement under which a parent or other adult can later sell the minor's interest without judicial supervision/approval of any kind." Reference
Let me know if you would like more information.
Please remember to click "ACCEPT."
POSITIVE FEEDBACK is appreciated and reciprocated.
Disclaimer: Any information given by me is for informational use only and is not legal advice. This is general information and is not intended to be specifically tailored to an individual. I strive to provide quality information, but I make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked herein and its associated sites. Persons accessing this response are encouraged to seek legal counsel in their jurisdiction for accurate guidance regarding their individual circumstances.