112.074 – NOTICE REQUIRED. (a) An authorized trustee may
Texas Property Code § 112.074
Summary
This law allows a trustee to distribute trust assets without needing consent from the settlor or beneficiaries, provided they notify all current and presumptive beneficiaries in writing. It streamlines the distribution process while ensuring beneficiaries are informed of the trustee's actions.
Trustees can distribute assets without consent from settlors or beneficiaries.
Written notice must be given to all current and presumptive beneficiaries.
No court approval is required for the distribution decision.
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In simple terms: Learn about Texas's NOTICE REQUIRED. (a) An authorized trustee may 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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