112.080 – LATER DISCOVERED ASSETS. To the extent the
Texas Property Code § 112.080
Summary
This law addresses the handling of later discovered assets in trust distributions. It specifies how assets found after a trust's principal has been distributed to another trust are treated, ensuring they are included in the second trust's principal unless stated otherwise by the trustee.
Includes later discovered assets in second trust distributions.
Applies unless the trustee specifies otherwise.
Clarifies treatment of assets acquired after initial distribution.
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In simple terms: Learn about Texas's LATER DISCOVERED ASSETS. To the extent the 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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