141.006 – TRANSFER AUTHORIZED BY WILL OR TRUST. (a) A
Texas Property Code § 141.006
Summary
This law allows a legal representative or trustee to transfer property to a custodian for a minor's benefit as specified in a will or trust. It ensures that the transfer is made to the nominated custodian if one is designated, providing clarity in managing a minor's assets.
Allows irrevocable transfers for minors' benefit.
Transfer must go to the nominated custodian if specified.
Applies to legal representatives and trustees managing estates.
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In simple terms: Learn about Texas's TRANSFER AUTHORIZED BY WILL OR TRUST. (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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