Texas Property Code

§ 121.055 — EXEMPTION FROM TAXES AND DEBTS

PR § 121.055Title 9. TRUSTS · Part C. MISCELLANEOUS TRUSTS · Ch. 121. EMPLOYEES' TRUSTS · Art. B. DEATH BENEFITS UNDER EMPLOYEES' TRUSTS

Statute text

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Unless the trust agreement, declaration of trust, or will provides otherwise, a death benefit payable to a trustee under this subchapter is not:

(1)part of the deceased employee's estate;

(2)subject to the debts of the deceased employee or the employee's estate, or to other charges enforceable against the estate; or

(3)subject to the payment of taxes enforceable against the deceased employee's estate to a greater extent than if the death benefit is payable, free of trust, to a beneficiary other than the executor or administrator of the estate of the employee.

Legislative history

Acts 1983, 68th Leg., p. 3694, ch. 576, Sec. 1, eff. Jan. 1, 1984.