Tex. Property Code § 141.007
OTHER TRANSFER BY FIDUCIARY
Texas · Texas Property Code · Status: effective
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- Citation
- Tex. Property Code § 141.007, OTHER TRANSFER BY FIDUCIARY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/565126
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Full text
(a) Subject to Subsections (b) and (c), a guardian, legal representative, or trustee may make an irrevocable transfer to another adult or trust company as custodian for a minor's benefit under Section 141.010 in the absence of a will or under a will or trust that does not contain an authorization to do so.
(b) With the approval of the court supervising the guardianship, a guardian may make an irrevocable transfer to another adult or trust company as custodian for the minor's benefit under Section 141.010.
(c) A transfer under Subsection (a) or (b) may be made only if:
(1) the legal representative or trustee considers the transfer to be in the best interest of the minor;
(2) the transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and
(3) the transfer is authorized by the court if it exceeds $25,000 in value.