Law Offices of Mark Abzug, PA
Protect Your Rights. Get Answers. Call Today. 954-753-1003
2801 University Drive Suite 203
Coral Springs, FL 33065

Posts tagged "legal obligation"

Trust fund distributions are fair game for garnishment by ex

Well-meaning parents wanting to ensure passage of adult children's inheritances into trusts often wish to keep the intended beneficiary's former spouse from asserting any claim to trust funds in case of divorce and possible alimony. In states such as Pennsylvania, this may not be the case. Article 5 of the Uniform Trust Code, UTC, shields assets held by discretionary or spendthrift trusts from creditor claims but does not disturb the legal rights of children and former spouses of primary beneficiaries to entrusted assets.