Texas Estates Code 1301.201 – Modification or Revocation of Trust
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(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.
Terms Used In Texas Estates Code 1301.201
- Court: means and includes:
(1) a county court in the exercise of its probate jurisdiction;
(2) a court created by statute and authorized to exercise original probate jurisdiction; and
(3) a district court exercising original probate jurisdiction in a contested matter. See Texas Estates Code 22.007 - Estate: means a decedent's property, as that property:
(1) exists originally and as the property changes in form by sale, reinvestment, or otherwise;
(2) is augmented by any accretions and other additions to the property, including any property to be distributed to the decedent's representative by the trustee of a trust that terminates on the decedent's death, and substitutions for the property; and
(3) is diminished by any decreases in or distributions from the property. See Texas Estates Code 22.012 - Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Person: includes a natural person and a corporation. See Texas Estates Code 22.027
- Ward: means a person for whom a guardian has been appointed. See Texas Estates Code 22.033