Application To Establish Subaccount

Sec. 143.002. APPLICATION TO ESTABLISH SUBACCOUNT. 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. Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 8, eff. September 1, 2019.