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http://www.estatetaxlawyers.com/articles/2013-04%20TE-Trust%20Funds%20and%20Alimony.html
The law is less clear as to whether: (1) a former spouse or child with a judgment for support can reach. attach or garnish assets in a discretionary trust, regardless of spendthrift provisions, before the trustee actually distributes trust funds to the intended beneficiaries; and (2) the trustee of a third-party-created trust can make ...
https://www.avvo.com/legal-answers/can-a-trust-account-be-garnished--levied--in-a-def-206579.html
Bearing in mind your disclaimer about legal terminology, it is difficult to answer this question. If you are the "beneficiary" of a trust, and the benefits or property are paid to or held for you, those payments are your assets and can be seized by creditors.
https://quizlet.com/174781911/wills-trusts-and-estates-ny-flash-cards/
a trust created for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary Cannot be invaded by:-beneficiary;-beneficiary's creditors;-beneficiary's estate-creditors of the beneficiary's estate Exception:-spousal support-child support
https://www.avvo.com/legal-answers/can-child-support-be-taken-from-an-llc--1254993.html
Can child support be taken from an LLC? My child's dad has not paid child support in over 6 months. He is in arrears by over $5000 and he started …
https://info.legalzoom.com/can-irrevocable-trust-protect-assets-divorce-25752.html
Can an Irrevocable Trust Protect Your Assets for a Divorce? By Wayne Thomas. ... income received from that trust is used in some states for calculating alimony and child support. This means that if you have significant gains being generated and paid out from trust property, your spouse may be awarded a portion of that income after the needs of ...
https://yourbusiness.azcentral.com/can-single-member-llc-bank-account-frozen-due-owner-owing-child-support-24721.html
May 16, 2018 · If you owe child support, you may be wondering if the courts can levy your LLC bank account. Indeed, this may be a serious concern, if revenue from your LLC has slowed or stopped, and you need more time to pay your debt. The short answer is that no, your LLC bank account cannot be accessed by bank child support services directly.
https://www.nolo.com/legal-encyclopedia/sample-childrens-trusts.html
Sample Children's Trusts. ... The first example shows a provision for an individual child’s trust, ... trustee may distribute some or all of the principal or net income of the trust as the trustee deems necessary for the child’s health, support, maintenance and education. Education includes, but is not limited to, college, graduate ...Author: Betsy Simmons Hannibal, Attorney
https://www.forbes.com/sites/jefflanders/2012/07/18/can-a-trust-protect-my-assets-in-divorce/
Jul 18, 2012 · Can a Trust Protect My Assets in Divorce? As financial portfolios become more and more complex, financial trusts are becoming increasingly common. Why? Because trusts can be shaped to serve a ...
https://finance.zacks.com/can-irrevocable-trust-sued-11422.html
Can an Irrevocable Trust Be Sued?. An irrevocable trust is like a turnstile: Once you go through it, you can't go back. Putting an asset in an irrevocable trust the correct way means it's no ...
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