Texas Estates Code

§ 1301.203 — TERMINATION OF TRUST

ES § 1301.203Title 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)Except as provided by Subsection (a-1), if the person for whom a management trust is created is a minor, the trust terminates on:

(1)the earlier of:

(A)the person's death; or

(B)the person's 18th birthday; or

(2)the date provided by court order, which may not be later than the person's 25th birthday. (a-1) If the person for whom a management trust is created is a minor and is also incapacitated for a reason other than being a minor, the trust terminates:

(1)on the person's death; or

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Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 6.072, eff. January 1, 2014. Acts 2021, 87th Leg., R.S., Ch. 521 (S.B. 626), Sec. 63, eff. September 1, 2021.