{"data":{"id":"us-tx/tex.-estates-code-1301.204","jurisdiction":"us-tx","citation":"Tex. Estates Code § 1301.204","heading":"DISTRIBUTION OF TRUST PROPERTY.","body":"(a) Unless otherwise provided by the court and except as provided by Subsection (b), the trustee of a management trust shall:\n(1) prepare a final account in the same form and manner that is required of a guardian under Sections 1204.101 and 1204.102; and\n(2) on court approval, distribute the principal or any undistributed income of the trust to:\n(A) the ward or incapacitated person when the trust terminates on the trust's own terms;\n(B) the successor trustee on appointment of a successor trustee; or\n(C) the representative of the deceased ward's or incapacitated person's estate on the ward's or incapacitated person's death.\n(b) The court may not require a trustee of a trust created for a person who has only a physical disability to prepare and file with the court a final account as described by Subsection (a)(1). The trustee shall distribute the principal and any undistributed income of the trust in the manner provided by Subsection (a)(2) for a trust the beneficiary of which is a ward or incapacitated person.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.\nAmended by:\nActs 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 6.073, eff. January 1, 2014.","path":["ESTATES CODE","TITLE 3. GUARDIANSHIP AND RELATED PROCEDURES","SUBTITLE H. COURT-AUTHORIZED TRUSTS AND ACCOUNTS","CHAPTER 1301. MANAGEMENT TRUSTS","SUBCHAPTER E. MODIFICATION, REVOCATION, OR TERMINATION OF MANAGEMENT TRUSTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1301.htm#1301.204","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:08Z","sha256":"085b2069a1b5d9f0106ed136527a3a8bc54fd87fafe01ede38b2342024b9010b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-estates-code-1301.203","next":"us-tx/tex.-estates-code-1302.001"},"notice":"GroundRules: Original legal text. Not legal advice."}