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AN OVERVIEW OF CHAPTER 1301 MANAGEMENT TRUSTS AND REFLECTIONS ON CERTAIN UNANSWERED QUESTIONS ABOUT MANAGEMENT TRUSTSModerator: KEITH V. NOVICK, Dallas Foley & Lardner LLP Panelists: THE HONORABLE.

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Texas trustees are held to a high standard of conduct and have “fiduciary duties” that they must abide by. Texas trust law will not allow an “absolute and uncontrolled discretion” clause to be interpreted literally.

Section 867 Trusts are trusts which are authorized by Section 867 of the Texas Probate Code. Section 867 Trusts can be created by a court when there is a guardianship pending. The creation of an 867 Trust must be requested by the guardian or an attorney ad litem.

Determination of Incapacity of Certain Adults: Physician Examination. Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code.

Section 113.151 - Demand for Accounting (a) A beneficiary by written demand may request the trustee to deliver to each beneficiary of the trust a written statement of accounts covering all transactions since the last accounting or since the creation of the trust, whichever is later.

1104.001. GUARDIAN OF THE PERSON OR ESTATE. (a) Only one person may be appointed as guardian of the person or estate, but one person may be appointed guardian of the person and another person may be appointed guardian of the estate, if it is in the best interest of the incapacitated person or ward.

Texas Estates Code 205.001 allows your beneficiaries to avoid probate if you leave no will and the value of the probate estate does not exceed $75,000. Those due to inherit under the Texas laws of intestate succession can prepare and present an affidavit to receive their inheritances.

One alternative available to the mother might be a trust created by the court under Section 1301 of the Texas Estates Code. Under this law, a financial institution, and sometimes a person, can be appointed by the court to act as a Trustee of a trust created by the court for the minor's benefit.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232