116.005[1/2] – TRUSTEE'S POWER TO ADJUST. (a) A trustee may
Texas Property Code § 116.005[1/2]
Summary
This law allows trustees to adjust distributions between principal and income when managing trust assets. It applies when the trust specifies income distributions and the trustee cannot meet certain compliance rules.
Trustees can adjust distributions between principal and income.
Applies when trust terms refer to income for beneficiary distributions.
Trustees must act as prudent investors and follow compliance rules.
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In simple terms: Learn about Texas's TRUSTEE'S POWER TO ADJUST. (a) A 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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