112.073 – DISTRIBUTION TO SECOND TRUST: TRUSTEE WITH
Texas Property Code § 112.073
Summary
This law allows a trustee with limited discretion to distribute trust principal to a second trust, provided the beneficiaries match. It ensures that the interests of the beneficiaries remain aligned between the two trusts. This section is relevant for trustees managing multiple trusts with overlapping beneficiaries.
Trustee can distribute principal to a second trust.
Beneficiaries of both trusts must be the same.
Applies only to trustees with limited discretion.
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In simple terms: Learn about Texas's DISTRIBUTION TO SECOND TRUST: TRUSTEE WITH 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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