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Texas Transaction Guide--Legal Forms
Copyright 2016, Matthew Bender & Company, Inc., a member of the LexisNexis Group.
9-50B Texas Transaction Guide--Legal Forms 50B.syn
Dispositive Trust Provisions
Herbert S. Kendrick;John J. Kendrick, Jr.;and Matthew Bender's Editorial Staff
The chapter considers in detail the subject of income taxation of trust distributions, as well as deductions available to the trust for distributions, and the taxation of distributed income to the beneficiary. It also covers certain estate tax and generation-skipping transfer tax considerations and summarizes a minor discussion of conditional distributions and the rule against perpetuities, and the perpetuities aspects of the various forms included. This chapter also contains examples of trust provisions that dispose of rights in property through the device of power of appointment.
Texas Transaction Guide: Legal Forms is the most comprehensive and frequently updated resource on Texas legal transactions. It covers the entire transaction spectrum: business entities, wills and trusts, commercial transactions, real estate transactions, and personal transactions. Each chapter provides a chapter scope note, detailed outline, research guide, legal background, practice guide, and forms with commentaries on usage.
Texas law,Texas statutes,Texas regulations,dispositive trust,trust receipts,trust expenditures,trust distribution,trust tax deductions,estate tax,Texas estate tax,generation-skipping transfer tax,Texas generation-skipping transfer tax,conditional trust distributions,rule against perpetuities,power of appointment,trust principal,trust income,Uniform Principal and Income Act
RELATED CHAPTERS: (View)
Consult Chapter 40, Estate Planning, for determination of the effect that the proposed trust will have on a client trustor's overall estate plan. Complete trust forms are contained in Chapter 48, Testamentary Trusts; Chapter 49, Revocable Trusts; and Chapter 50, Irrevocable and Charitable Trusts. Forms specifically designed to qualify for the marital deduction are contained in Chapter 50A, Marital Deduction Provisions.
Trust provisions appointing and empowering the trustee and identification of beneficiaries and directions to the trustee are found in Chapter 50C, Administrative and Operational Trust Provisions.
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