Tex. Codes
» Property Code · TITLE 9. TRUSTS · SUBTITLE B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS · CHAPTER 112. CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUSTS
Sec. 112.004. STATUTE OF FRAUDS. A trust in either real or personal property is enforceable only if there is written evidence of the trust's terms bearing the signature of the settlor or the settlor's authorized agent. A trust consisting of personal property, however, is enforceable if created by:
(1) a transfer of the trust property to a trustee who is neither settlor nor beneficiary if the transferor expresses simultaneously with or prior to the transfer the intention to create a trust; or
(2) a declaration in writing by the owner of property that the owner holds the property as trustee for another person or for the owner and another person as a beneficiary.
Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.
Notes of Decisions
Ayers v. Mitchell, 167 S.W.3d 924 (Tex. App. 2005).
· cites it 2× “However, a trust in personal property may be created, and the trust enforced, where there is a) a transfer of the trust property; b) to a trustee; c) who is neither settlor; d) nor beneficiary; e) if the transferor expresses at the time or before the transfer his or her intent…”
Rita Mary Gause v. Thomas X. Gause, 496 S.W.3d 913 (Tex. App. 2016).
“It is true, as Rita implies in her brief, that the statute of frauds requires one seeking to enforce a purported trust in real property to present “written evidence of the trust’s terms bearing signature of the seller or the seller’s authorized agent.”
Carroll v. Carroll, 304 S.W.3d 414 (Tex. App. 2008).
“Thus, the Texas Trust Code contains a statute of frauds applicable to the creation of a “trust in either real or personal property,” which provides that such a trust “is enforceable only if there is written evidence of the trust’s terms bearing the signature of the settlor or…”
— Tex. Prop. Code § 112.004(1) — 2 cases
Ayers v. Mitchell, 167 S.W.3d 924 (Tex. App. 2005).
“However, a trust in personal property may be created, and the trust enforced, where there is a) a transfer of the trust property; b) to a trustee; c) who is neither settlor; d) nor beneficiary; e) if the transferor expresses at the time or before the transfer his or her intent…”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.