143.005 – TERMS OF SUBACCOUNT. Unless the court orders
Texas Property Code § 143.005
Summary
This law outlines the conditions under which a subaccount for a minor beneficiary terminates. It primarily affects subaccounts established for minors who are not deemed disabled by the court, specifying termination events such as reaching adulthood or death.
Subaccount terminates on beneficiary's 18th birthday unless disabled.
Termination can also occur upon the beneficiary's death.
Court orders can modify or terminate the subaccount.
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In simple terms: Learn about Texas's TERMS OF SUBACCOUNT. Unless the court orders 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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