EPTL 7-3.4 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7-3.3 Person paying money to the trustee protected up PART 3 Rights of Purchasers, Creditors and Other Persons next SECTION 7-3.5 Rights of creditors to obtain information concerning Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7-3.4 Excess income from trust property subject to creditors' claims Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 7, PART 3 § 7-3.4 Excess income from trust property subject to creditors' claims Where a trust is created to receive the income from property and no valid direction for accumulation is given, the income in excess of the sum necessary for the education and support of the beneficiary is subject to the claims of his creditors in the same manner as other property which cannot be reached by execution.