Now custodianships last until age 21 Section 142 trust. The trust can continue until age 25 The trustee must make annual reports to the probate court. This does not completely avoid the guardianship process but in some circumstances it reduces court involvement and the costs. Payment into the court registry. By this mechanism a creditor can have his discharge, and the funds can be held without the need for the costs of a guardianship.
Someone can apply on behalf of the minor, to have the funds invested.
At age 18 the minor can present his birth certificate to the court and collect the funds. All rights reserved. This Web Site is an advertisement regulated by rules promulgated by the Texas Supreme Court. Jerry Frank Jones is responsible for the material contained in this Web Site. The firm has one office located at 106 East 6th Street, Suite 500, Austin, Tx 78701 .