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Current as of January 01, 2024 | Updated by FindLaw Staff
The following persons may apply to the court having jurisdiction under Section 142.005 for the establishment of a subaccount solely for the benefit of a proposed beneficiary who is a person for whom a management trust has been or could be established for the person's benefit under Section 142.005:
(1) the trustee of a management trust established under Section 142.005 for the benefit of the proposed beneficiary of the subaccount;
(2) the guardian of the person or estate, or both, of the proposed beneficiary of the subaccount;
(3) a person who has filed an application for the appointment of a guardian of the person or estate, or both, for the proposed beneficiary of the subaccount;
(4) an attorney ad litem or guardian ad litem appointed to represent the proposed beneficiary of the subaccount; or
(5) the proposed beneficiary, if the proposed beneficiary is not a minor or incapacitated person.
Cite this article: FindLaw.com - Texas Property Code - PROP § 143.002. Application to Establish Subaccount - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-143-002/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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