Texas Fiduciary Litigator: New Texas Bill Would Provide Release Relief To Trustees Who Deliver Adequate Accountings Without A Timely Objection By The Beneficiary (March 15, 2021 )

David Fowler Johnson, in his Texas Fiduciary Litigator Blog, discusses the details and outcomes of a recently submitted Texas Bill. The abstract of the article, New Texas Bill Would Provide Release Relief To Trustees Who Deliver Adequate Accountings Without A Timely Objection By The Beneficiary, is as follows:

A recent bill has been submitted that would provide a trustee release relief for transactions described in an accounting where a beneficiary fails to timely object to the accounting and there is no fraud, intentional misrepresentation, or material omission.

To view the full article, click here: “New Texas Bill Would Provide Release Relief To Trustees Who Deliver Adequate Accountings Without A Timely Objection By The Beneficiary“.

Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.