{"data":{"id":"us-tx/tex.-property-code-141.007","jurisdiction":"us-tx","citation":"Tex. Property Code § 141.007","heading":"OTHER TRANSFER BY FIDUCIARY.","body":"(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.\n(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.\n(c) A transfer under Subsection (a) or (b) may be made only if:\n(1) the legal representative or trustee considers the transfer to be in the best interest of the minor;\n(2) the transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and\n(3) the transfer is authorized by the court if it exceeds $25,000 in value.\nAmended by Acts 1995, 74th Leg., ch. 1043, Sec. 1, eff. Sept. 1, 1995. Renumbered from Property Code Sec. 7 by Acts 1997, 75th Leg., ch. 165, Sec. 31.01(72), eff. Sept. 1, 1997.\nAmended by:\nActs 2015, 84th Leg., R.S., Ch. 622 (S.B. 1202), Sec. 1, eff. September 1, 2015.","path":["PROPERTY CODE","TITLE 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS","SUBTITLE A. PERSONS UNDER DISABILITY","CHAPTER 141. TRANSFERS TO MINORS"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.141.htm#141.007","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"22f76b537aac6073ea926fa8c05ceb1aee13c1e28eeab9db898a95ef23dbdbce","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-141.006","next":"us-tx/tex.-property-code-141.008"},"notice":"GroundRules: Original legal text. Not legal advice."}