Bill Amendment: TX HB4376 | 2023-2024 | 88th Legislature

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Relating to self-settled asset protection trusts.

Status: 2023-05-15 - Referred to State Affairs [HB4376 Detail]

Download: Texas-2023-HB4376-House_Amendment_H_2_1-VanDeaver.html

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Amend HB 4376 (house committee printing) on page 9, between lines 6 and 7, by inserting the following appropriately lettered subsection and relettering subsequent subsections accordingly:

(____)  Notwithstanding any other provision of this subchapter, a self-settled asset protection trust does not prevent a person entitled to receive payments from the settlor of the trust under the terms of an order for child support from:

(1)  obtaining a remedy provided by Title 5, Family Code, for the enforcement or collection of the court-ordered child support obligation of the settlor; and

(2)  satisfying the claim for child support payments from the assets of the trust.