Duncan Bennett, a single parent, wants to leave his entire estate to his only child, Bonnie. He
Question:
a. Are spendthrift trusts valid in all states?
b. Would this trust be valid in your state? If so, cite the statute.
c. If one of Bonnie's creditors supplies her with property items that are obviously "necessaries," can that creditor reach (obtain) Bonnie's trust income despite the spendthrift clause?
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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