Tex. Ins. Code § 1104.023 · Subchapter B. TRUSTEE NAMED AS BENEFICIARY OF LIFE INSURANCE POLICY
DEBTS; INHERITANCE TAX.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Life insurance policy proceeds received by a trustee under this subchapter are not subject to debts of the insured or to inheritance tax to any greater extent than if the proceeds were payable to a beneficiary other than the executor or administrator of the insured's estate.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1104.htm
- Text hash
- sha256 149089b3eaeff11026e37509576c460cd9fc338080a143c23849e660a5a4759f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.