Texas Estates Code 1302.001 – Definitions
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Terms Used In Texas Estates Code 1302.001
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Person: includes a natural person and a corporation. See Texas Estates Code 22.027
In this chapter:
(1) “Beneficiary” means a person for whom a subaccount is established.
(2) “Medical assistance” means benefits and services under the medical assistance program administered under Chapter 32, Human Resources Code.
(3) “Pooled trust” means a trust that meets the requirements of 42 U.S.C. § 1396p(d)(4)(C) for purposes of exempting the trust from the applicability of 42 U.S.C. § 1396p(d) in determining the eligibility of a person who is disabled for medical assistance.
(4) “Subaccount” means an account in a pooled trust established solely for the benefit of a beneficiary.