112.035[1/2] – SPENDTHRIFT TRUSTS. (a) A settlor may provide
Texas Property Code § 112.035[1/2]
Summary
This law allows a settlor to create a spendthrift trust, which protects a beneficiary's interest from being transferred or claimed by creditors until the trustee distributes it. This is particularly relevant for beneficiaries who may be vulnerable to financial mismanagement or creditor claims.
Protects beneficiary's interest from creditors.
Prevents voluntary or involuntary transfer of trust assets.
Requires explicit declaration in the trust instrument.
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In simple terms: Learn about Texas's SPENDTHRIFT TRUSTS. (a) A settlor may provide 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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