116.201 – DISBURSEMENTS FROM INCOME. A trustee shall make
Texas Property Code § 116.201
Summary
This law outlines the obligations of a trustee regarding disbursements from income. It specifies that a trustee must allocate certain compensation expenses from income, unless a different allocation is justified by fiduciary duties.
Trustees must disburse half of their regular compensation from income.
Compensation for investment advisory services is also included.
Trustees can adjust allocations based on fiduciary responsibilities.
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In simple terms: Learn about Texas's DISBURSEMENTS FROM INCOME. A trustee shall make 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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