181.054 – EFFECT OF RELEASE ON MULTIPLE DONEES. Unless the
Texas Property Code § 181.054
Summary
This law clarifies that if multiple donees are given a power, the release of that power by one donee does not restrict the other donees from exercising their rights. It ensures that the actions of one donee do not limit the ability of others to act. This is relevant for estate planning and trusts involving multiple beneficiaries.
One donee's release does not affect others' powers.
Applies to both individual and fiduciary donees.
Instrument can specify different rules if desired.
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In simple terms: Learn about Texas's EFFECT OF RELEASE ON MULTIPLE DONEES. Unless the 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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