Section 28-72-705 - Beneficiaries - Named in writing - Provision for support - Income(a) The beneficiary of a spendthrift trust or domestic asset protection trust shall be named or clearly referred to in the document.(b) No spouse, former spouse, child, or dependent shall be a beneficiary unless the person is named or clearly referred to as a beneficiary in the document.(c) The provision for the beneficiary shall: (1) Be for the support, education, maintenance, and benefit of the beneficiary alone;(2) Be without reference to or limited by: (A) The beneficiary's needs, station in life, or mode of life; or(B) The needs of any other person, regardless of whether the person is dependent upon the beneficiary; and(3) Extend to all of the income from the trust estate devoted for that purpose by the creator of the trust without exception or deduction other than for: (A) Costs or fees regularly earned, paid, or incurred by the trustee for the administration or protection of the trust estate; or(B) Taxes paid or incurred by:(ii) The interest of the beneficiary of the trust.(d) The existence of a spendthrift trust or domestic asset protection trust shall not depend on the beneficiary's: (2) Capacity or incapacity; or(3) Competency or incompetency.Added by Act 2023, No. 291,§ 1, eff. 8/1/2023.