This law allows trusts to specify conditions for distributing principal to beneficiaries based on age and percentage. It also permits distributions to guardians or custodians of the beneficiary, ensuring access to funds when needed.
Trusts can distribute principal based on beneficiary's age.
Distributions can be made to guardians or custodians.
Trust terms can specify percentage amounts for distributions.
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In simple terms: Learn about Texas's , PROPERTY CODE. 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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