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Trusts > Creditor Claim and Spendthrift Trusts > Flashcards

Creditor Claim and Spendthrift Trusts Flashcards

1
Q

Spendthrift Trust

A

Normally valid
Exceptions: creditors can reach as to the following: contract for necessities, child support obligations, any interest retained by settlor, Federal Tax Liens.

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2
Q

Spendthrift Trust Invalid If

A

Settlor is the beneficiary

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Trusts (8 decks)

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