Texas Trust Code Trustee Powers Without A Will
Description
How to fill out Blind Trust Agreement For Private Individual As Opposed To Government?
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FAQ
112.036. RULE AGAINST PERPETUITIES. (a) The rule against perpetuities applies to an interest in a trust other than a charitable trust. (b) For purposes of this section, the effective date is the date the governing instrument creating an interest in the trust becomes irrevocable with respect to that interest.
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.
Know your rights as a Beneficiary As an interested person, you are entitled to full disclosure of the trustee's handling of the estate. You have the right to seek accountings, file suit, complain and inquire about distributions. Texas Prop. Code Ann.
(a) On the death, resignation, incapacity, or removal of a sole or surviving trustee, a successor trustee shall be selected ing to the method, if any, prescribed in the trust instrument.
The court may require the trustee to deliver a written statement of account to all beneficiaries on finding that the nature of the beneficiary's interest in the trust or the effect of the administration of the trust on the beneficiary's interest is sufficient to require an accounting by the trustee.