Section 12.35 Accounting to Satisfy Creditor Claims
| Library | Trusts and Powers 2013 Supp |
D. (§12.35) Accounting to Satisfy Creditor Claims
As stated in the preceding section, a creditor may sue a custodial beneficiary, and a guardian ad litem may have to be appointed if the custodial beneficiary is actually a disabled person. A custodianship is not a spendthrift trust. A creditor may levy on custodial property to satisfy a personal judgment against the custodial beneficiary the same as any separate property of the custodial beneficiary. If the debt was contracted or incurred by the personal...
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