2006 New York Code - Excess Income From Trust Property Subject To Creditors\' Claims



 
  § 7-3.4 Excess income from trust property subject to creditors' claims
    Where  a  trust  is created to receive the income from property and no
  valid direction for accumulation is given, the income in excess  of  the
  sum  necessary  for  the  education  and  support  of the beneficiary is
  subject to the claims of his creditors  in  the  same  manner  as  other
  property which cannot be reached by execution.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.