Texas Supreme Court Holds That A Settlor And Third Party Did Not Have To Fund Stock Into A Trust Where It Was Contingent On The Third Party's Consent

03.25.26

In Inwood Nat’l Bank v. Fagin, Christy Fagin, owner of over two million shares of Inwood Bancshares, Inc., which was her separate property, entered into a trust with her husband Kyle as the beneficiary. 706 S.W.3d 342 (Tex. 2025). The trust agreement stated Christy “intends to transfer” her shares to the trust “[u]pon approval by”... Continue Reading

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