Modification Or Revocation of Trust

Sec. 1301.201. MODIFICATION OR REVOCATION OF TRUST. (a) The court may modify or revoke a management trust at any time before the date of the trust's termination. (b) The following may not revoke a management trust: (1) the ward for whom the trust is created or the guardian of the ward's estate; (2) the incapacitated person for whom the trust is created; or (3) the person who has only a physical disability for whom the trust is created. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 6.070, eff. January 1, 2014.