Spendthrift Trusts

Question 1

ST Trusts are/aren’t valid in PA.

Answer 1

Are

Question 2

ST Trusts will NOT protect which 4 claims?

Answer 2

Alimony

Child Support

Creditors who have provided necessities

State or Fed gov’t claims

Question 3

Are ST Trusts enforceable to protect the settlor?

Answer 3

No

Question 4

Settlors can reach the trust assets of a ST Trust when either of the following two are true . . .

Answer 4

Trust is revocable

Trustee has discretion to make distributions to the settlor.