112.052 – TERMINATION. A trust terminates if by its terms
Texas Property Code § 112.052
Summary
This law outlines the conditions under which a trust automatically terminates, either after a specified time or upon the occurrence of a certain event. It also allows the trustee to manage the trust's affairs for a reasonable period after termination to ensure proper distribution of assets to beneficiaries.
Trusts terminate after a set time or specific event.
Trustees can manage affairs post-termination for asset distribution.
Ensures beneficiaries receive their entitled assets efficiently.
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In simple terms: Learn about Texas's TERMINATION. A trust terminates if by its terms 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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