2020 Georgia Code
Title 53 - Wills, Trusts, and Administration of Estates
Chapter 12 - Trusts
Article 5 - Spendthrift Provisions and Creditors' Rights and Claims
§ 53-12-83. Creditors' Claims Against Property That Is Subject to Withdrawal Right

Universal Citation: GA Code § 53-12-83 (2020)

The holder of a power of withdrawal, during the period that the power may be exercised, shall be treated in the same manner as the settlor of a revocable trust to the extent of the property subject to the power. The lapse, release, or waiver of a power of withdrawal shall not cause the holder to be treated as a settlor of the trust.

(Code 1981, §53-12-83, enacted by Ga. L. 2010, p. 579, § 1/SB 131.)

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