The Texas Trust Code

The Texas Trust Code is a set of laws that govern how trusts are created, managed, and ended in Texas. A trust is a legal arrangement where one person (the grantor) transfers assets to a trustee to hold for the benefit of designated beneficiaries. This code provides rules ensuring trustees manage assets responsibly, beneficiaries’ rights are protected, and the trust operates fairly and efficiently. It clarifies procedures for establishing trusts, trustee duties, beneficiary rights, and how conflicts are resolved, ensuring that trusts serve the best interests of all parties involved under Texas law.