Limitation of actions with respect to transfer of property to trust. A person may not bring an action with respect to a transfer of property to a spendthrift trust:
1. If he is a creditor when the transfer is made, unless the action is commenced within:
(a) Two years after the transfer is made; or
(b) Six months after he discovers or reasonably should have discovered the transfer,
Êwhichever is later.
2. If he becomes a creditor after the transfer is made, unless the action is commenced within 2 years after the transfer is made.
Last modified: February 25, 2006