Texas Estates Code

§ 1301.201 — MODIFICATION OR REVOCATION OF TRUST

ES § 1301.201Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part H. COURT-AUTHORIZED TRUSTS AND ACCOUNTS · Ch. 1301. MANAGEMENT TRUSTS · Art. E. MODIFICATION, REVOCATION, OR TERMINATION OF MANAGEMENT TRUSTS

Statute text

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(a)The court may modify or revoke a management trust at any time before the date of the trust's termination.

(b)The following may not revoke a management trust:

(1)the ward for whom the trust is created or the guardian of the ward's estate;

(2)the incapacitated person for whom the trust is created; or

(3)the person who has only a physical disability for whom the trust is created. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014. Amended by:

Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 6.070, eff. January 1, 2014.