Georgia Code, Title 53, Chapter 12, Article 5 - Spendthrift Provisions and Creditors' Rights and Claims

• § 53-12-80 - Spendthrift Provisions
  (a) A spendthrift provision shall only be valid if it prohibits both voluntary and involuntary transfers.(b) A term of a trust providing that the...
• § 53-12-81 - Limitations on Creditors' Rights to Discretionary Distributions
  A transferee or creditor of a beneficiary shall not compel the trustee to pay any amount that is payable only in the trustee's discretion...
• § 53-12-82 - Creditors' Claims Against Settlor
  Whether or not the trust instrument contains a spendthrift provision, the following rules shall apply: (1) During the lifetime of the settlor, the property...
• § 53-12-83 - Creditors' Claims Against Property that is Subject to Withdrawal Right
  The holder of a power of withdrawal, during the period that the power may be exercised, shall be treated in the same manner as...

Last modified: October 14, 2016