112.077 – SETTLOR OF SECOND TRUST. (a) Except as provided
Texas Property Code § 112.077
Summary
This law defines the settlor's role in relation to first and second trusts. It clarifies that the settlor of a first trust is typically also the settlor of any second trust established under this statute, unless specified otherwise.
Settlor of first trust is usually settlor of second trust.
Exceptions apply if the second trust has a different settlor.
First trust settlor retains rights to distributed portions of the second trust.
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In simple terms: Learn about Texas's SETTLOR OF SECOND TRUST. (a) Except as provided 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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