Section 143.002 - Application to Establish Subaccount The following persons may apply to the court having jurisdiction under Section 142.005 for the establishment of a subaccount solely for the benefit of a proposed beneficiary who is a person for whom a management trust has been or could be established for the person's benefit under Section 142.005:
(1) the trustee of a management trust established under Section 142.005 for the benefit of the proposed beneficiary of the subaccount;(2) the guardian of the person or estate, or both, of the proposed beneficiary of the subaccount;(3) a person who has filed an application for the appointment of a guardian of the person or estate, or both, for the proposed beneficiary of the subaccount;(4) an attorney ad litem or guardian ad litem appointed to represent the proposed beneficiary of the subaccount; or(5) the proposed beneficiary, if the proposed beneficiary is not a minor or incapacitated person.Tex. Prop. Code § 143.002
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 1112,Sec. 8, eff. 9/1/2019. See Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 1112, Sec. 9.