OWNERSHIP OF TRUST ACCOUNT DURING TRUSTEE'S LIFETIME.

Tex. ESTATES Code § 113.104.
in effect
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(a) A trust account belongs beneficially to the trustee during the trustee's lifetime unless: (1) the terms of the account or the deposit agreement manifest a contrary intent; or (2) other clear and convincing evidence of an irrevocable trust exists. (b) If two or more parties are named as trustees on a trust account, during the parties' lifetimes beneficial rights between the parties are governed by Section 113.102 . (c) An account that is an irrevocable trust belongs beneficially to the beneficiary. Added by Acts 2009, 81st Leg., R.S., Ch. 680 , Sec. 1, eff. January 1, 2014.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026