Bankruptcy Exemption Citations
A Research Database... updated as time allows... Not guaranteed to be complete or up to date ... you can find pay services for that... Not a subsitute for legal advice

← Alabama Pensions & Retirement Savings Exemptions

Exemption: Spendthrift trusts (with exceptions)

Citation: Stat. - Ala. Code § 19-3B-503

(Exceptions to spendthrift provision)
.
Ala. Code § 19-3B-503 :
19-3B-503 Exceptions to spendthrift provision.

(a) In this section, "child" includes any person for whom an order or judgment for child support has been entered in this or another state.

(b) A spendthrift provision is unenforceable against:

(1) a beneficiary's child, spouse, or former spouse who has a judgment or court order against the beneficiary for support or maintenance;

(2) a judgment creditor who has provided services for the protection of a beneficiary's interest in the trust; and

(3) a claim of this state or the United States to the extent a statute of this state or federal law so provides.

(c) A claimant against whom a spendthrift provision cannot be enforced may obtain from a court an order attaching present or future distributions to or for the benefit of the beneficiary. The court may limit the award to such relief as is appropriate under the circumstances.
Last Amended: 2007
2007

(Laws 1975, S.B.275, � 4. Amended by Laws 2007, Ch. 226, � 8, eff. May 14, 2007. Act 2006-216, p. 314, §1.)
ADVERTISEMENT -
  • Other State Citations
  • Other States on this topic

Other Alabama Exemption Citations

50 State Pensions & Retirement Savings Exemptions