112.035[2/2] – SPENDTHRIFT TRUSTS. (a) A settlor may provide
Texas Property Code § 112.035[2/2]
Summary
This law outlines the treatment of appointive assets in a spendthrift trust when a beneficiary exercises a testamentary general power of appointment. It clarifies that such assets can be claimed by creditors if the beneficiary's own assets are insufficient to cover debts, but they are not subject to estate administration unless appointed to the beneficiary's estate.
Appointive assets can be claimed by creditors under certain conditions.
Assets are protected unless appointed to the beneficiary's estate.
Beneficiary's own property must be insufficient for creditor claims.
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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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