Judgment lien against the trustee or beneficiary
Sec. 3. (Judgment Lien against the Trustee or Beneficiary)
(a) A judgment against a person individually who may also be a
trustee shall not be a lien against the trust estate.
(b) When trust property is properly sold or disposed of by the
trustee to a third person, the liens against a beneficiary's interest in
the trust estate, if any, will be divested from that property and will
attach to the interest of that beneficiary in the proceeds from its sale
or other disposition.
(Formerly: Acts 1971, P.L.416, SEC.5.)
Last modified: May 27, 2006