121.052 – PAYMENT OF DEATH BENEFIT TO TRUSTEE. (a) A
Texas Property Code § 121.052
Summary
This law allows a death benefit to be paid to a trustee of a trust when an employee or participant dies. It applies to trusts established by written instruments or wills, ensuring that the designated trustee receives the benefit as specified in the retirement plan.
Death benefits can be paid to a designated trustee.
Applies to trusts created by written instruments or wills.
Trustee must be named as a beneficiary in the retirement plan.
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In simple terms: Learn about Texas's PAYMENT OF DEATH BENEFIT TO TRUSTEE. (a) A 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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