Texas Trust Laws
Created by FindLaw's team of legal writers and editors | Last reviewed June 20, 2016
Death is inevitable. Despite this sword of Damocles hanging over everyone's head, most people often fail to prepare for the day the Grim Reaper shows up. Although the reasons for pushing off estate planning are aplenty, this does not detract from the importance of figuring out what will happen to your property once you die. Texas trust laws provide people with options to manage their property during their lives so that there is an easy transition after they pass. This is a quick summary of the trust laws in Texas.
Properly Transferring Property Through Texas Trust Laws
There are a variety of trust types that people can use under Texas trust laws. Most trusts executed in the Lone Star State need to follow specific creation requirements when they are made. The following table outlines the specifics of Texas trust laws.
Texas Statutes - Subtitle B: Texas Trust Code: Creation, Operation, And Termination Of Trusts
Under Texas trust laws, the following are required for a valid trust to be formed:
Methods of Creating Trusts
A trust may be created by:
Trust for Care of Animals
A trust may be created to provide for the care of an animal alive during the settlor's lifetime. The trust terminates on the death of the last surviving animal named in the trust.
Knowing where your property will go after you die is an important step during your lifetime. If you need legal assistance in creating a trust, you can contact a Texas trust lawyer through FindLaw. Visit FindLaw's sections on trusts and estate planning for more articles and information on this topic.
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