§ 7-3.1 Disposition in trust for creator void as against creditors (a) A disposition in trust for the use of the creator is void as against the existing or subsequent creditors of the creator. (b) (1) For purposes of paragraph (a) of this section, all trusts, custodial accounts, annuities, insurance contracts, monies, assets or interests […]
§ 7-3.2 Bona fide purchasers and creditors protected An express trust not declared in the disposition to the trustee or an implied or resulting trust does not defeat the title of a purchaser from the trustee for value and without notice of the trust, or the rights of a creditor who extended credit to the […]
§ 7-3.3 Person paying money to the trustee protected A person who in good faith transfers money or property to a trustee is not responsible for the proper application of such money or property; and any right or title derived by him from the trustee in consideration of such transfer is not affected by the […]
§ 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 […]
§ 7-3.5 Rights of creditors to obtain information concerning beneficiaries (a) Any person who has furnished necessaries to a beneficiary of any trust may apply to the court having jurisdiction of the trust for an order directing the trustee thereof to furnish to the applicant the true and full name and residence address of any […]
