Okla. Stat. tit. 60, § 60-175.92

Existence of a spendthrift provision - Amount the

Last amended: 2010Year: 2026Length: 145 wordsOfficial source
creditor or assignee may reach. Subject to the provisions of the Family Wealth Preservation Trust Act: 1. Whether or not the terms of a trust contain a spendthrift provision, the following rules apply: a. during the lifetime of the settlor, the property of a revocable trust is subject to the claims of the creditors of the settlor, and b. a spendthrift provision is ineffective with respect to the settlor of a revocable trust while the trust is revocable; and 2. A creditor or assignee of the settlor may reach the maximum amount that can be distributed to or for the benefit of the settlor. If a trust has more than one settlor, the amount the creditor or assignee of a particular settlor may reach may not exceed the interest of the settlor in the portion of the trust attributable to the contribution of that settlor.
Okla. Stat. tit. 60, § 60-175.92: Existence of a spendthrift provision - Amount the | Justis AI