633.2303  Amount reachable by creditors or transferees.

1.  If a settlor is a beneficiary of a trust created by the settlor, a transferee or creditor of the settlor may reach the maximum amount that the trustee could pay to or for the settlor's benefit.

2.  In the case of a trust with multiple settlors, the amount the creditor or transferee of a particular settlor may reach shall not exceed the portion of the trust attributable to that settlor's contribution.

Section History: Recent form

  99 Acts, ch 125, §24, 109

Footnotes

  Section effective July 1, 2000; 99 Acts, ch 125, § 109


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