GEORGIA CODE (Last Updated: August 20, 2013) |
Title 53. WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES |
Chapter 12. TRUSTS |
Article 5. SPENDTHRIFT PROVISIONS AND CREDITORS' RIGHTS AND CLAIMS |
Section 53-12-81. Limitations on creditors' rights to discretionary distributions
Latest version.
- A transferee or creditor of a beneficiary shall not compel the trustee to pay any amount that is payable only in the trustee's discretion regardless of whether the trustee is also a beneficiary. This Code section shall not apply to the extent of the proportion of trust property attributable to the beneficiary's contribution.
Code 1981, § 53-12-81, enacted by Ga. L. 2010, p. 579, § 1/SB 131.