What is a Texas Section 142 Trust?

Section 142 Trusts are trusts which are authorized by Section 142 of the Texas Property Code. Section 142 Trusts can be created by a court when there is a lawsuit involving a minor who has no legal guardian or an incapacitated person who is represented by a next friend or an appointed guardian ad litem.

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About Chris Peterson

Chris Peterson is an attorney and the owner and founder of Peterson Law Group, a Texas law firm with offices in Bryan/College Station and Kingwood. He mainly practices in the areas of Estate Planning and Business Planning. Chris is also a Certified Estate Planner. Besides his law practice, Chris is a serial entrepreneur and community volunteer. He is known for his cutting edge law practice that utilizes technology to deliver efficient, excellent work.