Effect of spendthrift provision.

Checkout our iOS App for a better way to browser and research.

55-1-41. Effect of spendthrift provision.

If the trust contains a spendthrift provision, no creditor may reach present or future mandatory distributions from the trust at the trust level. Moreover, no court may order a trustee to distribute past due mandatory distributions directly to a creditor.

Source: SL 2007, ch 280, §18; SL 2009, ch 252, §9.


Download our app to see the most-to-date content.