Arkansas Code Title 28, Subtitle 5, Chapter 73, Subchapter 5 - Creditor's Claims -- Spendthrift and Discretionary Trusts

• § 28-73-501 - Rights of Beneficiary's Creditor or Assignee.
  To the extent a beneficiary's interest is not protected by a spendthrift provision, a court may authorize a creditor or assignee of the beneficiary...
• § 28-73-502 - Spendthrift Provision.
  (a) A spendthrift provision is valid only if it restrains both voluntary and involuntary transfer of a beneficiary's interest.(b) A term of a trust...
• § 28-73-503 - [Reserved.]
• § 28-73-504 - Discretionary Trusts -- Effect of Standard.
  (a) Whether or not a trust contains a spendthrift provision, a creditor of a beneficiary may not compel a distribution that is subject to...
• § 28-73-505 - Creditor's Claim Against Settlor.
  (a) Whether or not the terms of a trust contain a spendthrift provision, the following rules apply: (1) During the lifetime of the settlor,...
• § 28-73-506 - Overdue Distribution.
  Whether or not a trust contains a spendthrift provision, a creditor or assignee of a beneficiary may reach a mandatory distribution of income or...
• § 28-73-507 - Personal Obligations of Trustee.
  Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.

Last modified: November 15, 2016