Sec. 534.0175. TRUST EXEMPTION. (a) If a patient or client is the beneficiary of a trust that has an aggregate principal of $250,000 or less, the corpus or income of the trust is not considered to be the property of the patient or client or the patient's or client's estate and is not liable for the patient's or client's support. If the aggregate principal of the trust exceeds $250,000, only the portion of the corpus of the trust that exceeds that amount and the income attributable to that portion are considered to be the property of the patient or client or the patient's or client's estate and are liable for the patient's or client's support.
(b) To qualify for the exemption provided by Subsection (a), the trust and the trustee must comply with the requirements prescribed by Sections 552.018 and 593.081.
Added by Acts 1993, 73rd Leg., ch. 166, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 2001, 77th Leg., ch. 1020, Sec. 1, eff. June 15, 2001.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 1 (S.B. 219), Sec. 3.1336, eff. April 2, 2015.
Structure Texas Statutes
Title 7 - Mental Health and Intellectual Disability
Subtitle A - Services for Persons With Mental Illness or an Intellectual Disability
Chapter 534 - Community Services
Subchapter A. Community Centers
Section 534.001. Establishment
Section 534.0015. Purpose and Policy
Section 534.002. Board of Trustees for Center Established by One Local Agency
Section 534.003. Board of Trustees for Center Established by at Least Two Local Agencies
Section 534.004. Procedures Relating to Board of Trustees Membership
Section 534.005. Terms; Vacancies
Section 534.0065. Qualifications; Conflict of Interest; Removal
Section 534.007. Prohibited Activities by Former Officers or Employees; Offense
Section 534.008. Administration by Board
Section 534.010. Executive Director
Section 534.012. Advisory Committees
Section 534.013. Cooperation of Departments
Section 534.014. Budget; Request for Funds
Section 534.015. Provision of Services
Section 534.0155. For Whom Services May Be Provided
Section 534.016. Screening and Continuing Care Services
Section 534.017. Fees for Services
Section 534.0175. Trust Exemption
Section 534.018. Gifts and Grants
Section 534.019. Contribution by Local Agency
Section 534.020. Acquisition and Construction of Property and Facilities by Community Center
Section 534.021. Approval and Notification Requirements
Section 534.022. Financing of Property and Improvements
Section 534.023. Sale of Real Property Acquired Solely Through Private Gift or Grant
Section 534.031. Surplus Personal Property
Section 534.033. Limitation on Department Control and Review
Section 534.035. Review, Audit, and Appeal Procedures
Section 534.036. Financial Audit
Section 534.037. Program Audit
Section 534.038. Appointment of Manager or Management Team