116.152 – DISTRIBUTION FROM TRUST OR ESTATE. A trustee
Texas Property Code § 116.152
Summary
This law outlines how a trustee should allocate distributions received from a trust or estate. It specifies that income distributions are allocated to income and principal distributions to principal, affecting trustees managing such assets.
Trustees must allocate income to income and principal to principal.
Applies to distributions from trusts or estates with trustee interests.
Specific rules for purchased interests in investment entities.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's DISTRIBUTION FROM TRUST OR ESTATE. A trustee law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.