121.054 – UNCLAIMED BENEFITS. If a trustee does not claim
Texas Property Code § 121.054
Summary
This law addresses the responsibilities of trustees regarding unclaimed death benefits. If a trustee fails to claim a death benefit within one year of the employee's death, specific procedures must be followed to ensure the benefits are properly managed.
Trustees must claim death benefits within one year of death.
Satisfactory evidence must be provided to manage unclaimed benefits.
Failure to claim may affect the distribution of benefits.
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In simple terms: Learn about Texas's UNCLAIMED BENEFITS. If a trustee does not claim 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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