This law restricts trustees from using their distribution powers to alter a beneficiary's existing rights to receive trust distributions. It ensures that beneficiaries maintain their entitlements to mandatory distributions, annuities, or withdrawals as specified in the trust agreement.
Trustees cannot modify beneficiaries' vested distribution rights.
Protects mandatory income and principal distributions.
Prevents limitations on specified withdrawals from the trust.
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In simple terms: Learn about Texas's EXCEPTIONS TO POWER OF DISTRIBUTION. An 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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