This law outlines how net income is distributed to residuary and remainder beneficiaries based on their fractional interests in undistributed principal assets. It ensures that all eligible beneficiaries receive their fair share of income, even if they do not receive a portion of every distribution made by the fiduciary.
Beneficiaries receive income based on their fractional interest in principal assets.
Applies to multiple distributions made by a fiduciary.
Ensures fair distribution even for beneficiaries not receiving part of a distribution.
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In simple terms: Learn about Texas's DISTRIBUTION TO RESIDUARY AND REMAINDER 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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