Spendthrift Clause must Prohibit Assignments to be Effective

Language in trust document regarding creditors of beneficiaries did not restrain voluntary assignments of beneficial interests and so was not a valid spendthrift clause.  Further, even a valid spendthrift clause would not have prevented the beneficiary from assigning distributions as they became payable, and the assignee was entitled to the distributions until the beneficiary revoked the assignment.  Lipowitz Trust, 5 Fid.Rep.3d 351 (O.C. Montg. 2015) (opinion by Murphy, J.).

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