112.002 – INTENTION TO CREATE TRUST. A trust is created
Texas Property Code § 112.002
Summary
This law establishes that a trust is only valid if the person creating it, known as the settlor, clearly expresses their intention to do so. It is essential for legal professionals to ensure that the settlor's intent is documented to avoid disputes regarding the trust's validity.
Trust creation requires clear intent from the settlor.
Documentation of intent is crucial for validity.
Disputes may arise without clear expression of intention.
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In simple terms: Learn about Texas's INTENTION TO CREATE TRUST. A trust is created 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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