Ga. Code § 53-12-81

Current through 2023-2024 Legislative Session Chapter 374
Section 53-12-81 - Limitations on creditors' rights to discretionary distributions

A transferee or creditor of a beneficiary shall not compel the trustee or a trust director to pay any amount that is payable only in the discretion of the trustee or trust director regardless of whether the discretion is expressed in the form of a standard of distribution, including, but not limited to, health, education, maintenance, and support, and whether such trustee or trust director 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.

OCGA § 53-12-81

Amended by 2020 Ga. Laws 508,§ 1-78, eff. 1/1/2021.
Amended by 2018 Ga. Laws 366,§ 12, eff. 7/1/2018.
Added by 2010 Ga. Laws 506,§ 1, eff. 7/1/2010.