113.027 – DISTRIBUTIONS GENERALLY. When distributing trust
Texas Property Code § 113.027
Summary
This law outlines the powers of a trustee when distributing or terminating a trust. It allows trustees to make flexible decisions regarding the division of trust property, including how to allocate assets and adjust for valuation differences.
Trustees can distribute property in divided or undivided interests.
Assets can be allocated in proportionate or disproportionate shares.
Trustees may adjust distributions based on valuation differences.
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In simple terms: Learn about Texas's DISTRIBUTIONS GENERALLY. When distributing trust 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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