Tex. Estates Code § 113.104
This is the official text of Tex. Estates Code § 113.104, part of Texas’s Estates Code — governs wills, probate, and estate administration.
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§ 113.104. OWNERSHIP OF TRUST ACCOUNT DURING TRUSTEE'S LIFETIME.
Official statutory text
(a) A trust account belongs beneficially to the trustee during the trustee's lifetime unless:
(1) the terms of the account or the deposit agreement manifest a contrary intent; or
(2) other clear and convincing evidence of an irrevocable trust exists.
(b) If two or more parties are named as trustees on a trust account, during the parties' lifetimes beneficial rights between the parties are governed by Section 113.102.
(c) An account that is an irrevocable trust belongs beneficially to the beneficiary.
(1) the terms of the account or the deposit agreement manifest a contrary intent; or
(2) other clear and convincing evidence of an irrevocable trust exists.
(b) If two or more parties are named as trustees on a trust account, during the parties' lifetimes beneficial rights between the parties are governed by Section 113.102.
(c) An account that is an irrevocable trust belongs beneficially to the beneficiary.
Status: in_force · Read it on the official government site
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