113.052[1/2] – FORM. A financial institution may use the
Texas Estates Code § 113.052[1/2]
Summary
This law allows financial institutions to use a specific form for account selection, impacting how property is transferred upon death. It informs account holders that their choice of account type can affect the distribution of funds, regardless of their will.
Establishes a form for account type selection.
Account type affects property transfer upon death.
Allows designation of convenience signers on accounts.
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In simple terms: Learn about Texas's FORM. A financial institution may use the law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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