Definiciones sobre transferencias no testamentarias en Texas

Sec. 111.051. DEFINITIONS. In this subchapter: (1) "Contracting third party" means a financial institution, insurance company, plan custodian, plan administrator, or other person who is a party to an account agreement, insurance contract, annuity contract, retirement account, beneficiary Statute text rendered on: 1/19/2024 - 61 - ESTATES CODE designation, or other similar contract the terms of which control whether a nontestamentary transfer has occurred or to whom property passes as a result of a possible nontestamentary transfer. The term does not include a person who is: (A) an owner of the property subject to a possible nontestamentary transfer; or (B) a possible recipient of the property subject to a possible nontestamentary transfer. (1-a) "Employees' trust" means: (A) a trust that forms a part of a stock-bonus, pension, or profit-sharing plan under Section 401, Internal Revenue Code of 1954 (26 U.S.C. Section 401 (1986)); (B) a pension trust under Chapter 111, Property Code; and (C) an employer-sponsored benefit plan or program, or any other retirement savings arrangement, including a pension plan created under Section 3, Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1002 (1986)), regardless of whether the plan, program, or arrangement is funded through a trust. (2) "Financial institution" has the meaning assigned by Section 113.001. (3) "Individual retirement account" means a trust, custodial arrangement, or annuity under Section 408(a) or (b), In