WebTexas law also permits the termination of a trust that has become uneconomical to maintain due to its small size. Section 112.059 of the Texas Trust Code provides that, … Web5 Sep 2024 · The Texas Trust Code sets out the permissible reasons in two statutes. These are available even if prohibited by the terms of the trust document. For a complete list, …
Those Pesky Trusts! A Brief Primer on Terminating ... - Dallas, Texas
Web1 Jul 2024 · Statutes > New-york > Ept > Article-7 > Part-1 > 7-1-19 § 7-1.19 Application for termination of uneconomical trust (a) Notwithstanding sections 7-1.5 and 7-2.4 of this article or any other contrary provision of law: (1) Any trustee or beneficiary of a lifetime or testamentary express trust (other than a wholly charitable trust) may, by application to … Web20 Dec 2010 · If the trust doesn't provide terms for termination, it is possible to petition the court to do so on the basis that continuing the trust would defeat or substantially impair … hackamore acavallo
New York Consolidated Laws, Surrogate
WebTrust Termination Clause (Uneconomical) (Trust or Will) (TX) Summary Web[Uneconomical Trusts. With regard to any trust created under this Will, the Trustee of such trust shall have the power, in the Trustee's discretion, to terminate such trust if the fair … WebCite. Uneconomical Trust. If at any time the market value of the trust as determined by Trustee is $100,000.00 or less, the Trustee may, in its uncontrolled discretion, terminate the trust and distribute the trust property to the beneficiaries as prescribed in this document. Sample 1 Sample 2. brady boats for sale