Legislation
SECTION 7-3.4
Excess income from trust property subject to creditors' claims
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 7, PART 3
§ 7-3.4 Excess income from trust property subject to creditors' claims
Where a trust is created to receive the income from property and no
valid direction for accumulation is given, the income in excess of the
sum necessary for the education and support of the beneficiary is
subject to the claims of his creditors in the same manner as other
property which cannot be reached by execution.
Where a trust is created to receive the income from property and no
valid direction for accumulation is given, the income in excess of the
sum necessary for the education and support of the beneficiary is
subject to the claims of his creditors in the same manner as other
property which cannot be reached by execution.