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In Goepp v. Comerica Bank & Trust, N.A., the settlors created inter vivos trusts and their three children were the remainder beneficiaries. No. 03-19-00485-CV, 2021 Tex. App. LEXIS 5461 Tex. App.—Austin July 9, 2021. The three children became co-trustees and then had disputes.
In early June 2021, Governor Abbott signed into law House Bill 2237 (the Bill) that makes substantial changes to the law that establishes the requirement for mechanic’s and...
To embed, copy and paste the code into your website or blog: Chapter 53 of the Texas Property Code just received major updates for the first time in years. On June 15, 2021, Gov. Greg Abbott signed into law HB 2237. This bill makes many notable changes to Texas’s lien laws. The construction industry and construction lawyers should take note of these changes to the complex and often confusing world of mechanic’s, contractor’s, and materialman’s liens in Texas. These changes to the Texas Property Code will take effect on January 1, 2022. Below is a review of some notable changes made to...
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Blessed by your children’s children: The rule against perpetuities fades away The Rule Against Perpetuities is a legal principle ... that defines the permissible duration for most trusts. A lot of people did not want to have real property tied up in a trust for 300 years or so.(Artur Szczybylo / Getty Images/iStockphoto) 12:00 AM on Jul 4, 2021 CDT If you are the grantor, beneficiary, creditor, trust protector, CPA, financial adviser, attorney or trustee of a trust, or if you just generally think trusts are a nifty idea and want to learn more, then you will find this of interest. The Rule A...
The Texas Legislature recently adopted Texas HB No. 1578, fixing the loophole created by multiple appellate courts’ strict statutory interpretations of Texas Civil Practice and Remedies...