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A dynasty trust is a type of irrevocable trust that can be used to pass wealth from generation to generation. Its primary purpose is to
When comparing a trustee and a beneficiary of a trust, it is difficult to say who has “more rights,” as they each have completely different
The Uniform Electronic Transactions Act (UETA) is a “model” legal code, which means that states must pass their own legislation for it to become law.
Yes, Texas’s trust code can be found in Subtitle B of Title 9 of the Texas Property Code. While all of Title 9 governs trusts,
Texas Property Code Chapter 112 is part of the Texas Trust Code. A trust is a legal arrangement where one party, called the “trustee,” holds
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A life estate is a type of real property interest that grants someone ownership rights for their lifetime or someone else’s lifetime, and grants a
When people pass away, they often leave behind bank accounts, investments accounts, retirement accounts, real property (homes, rental properties, etc.) and other personal assets as
A trustee does not need beneficiary approval to sell trust property. However, a trustee who wants to avoid litigation would be wise to at least