4-10-502. Spendthrift provision.
(a) Repealed By Laws 2007, Ch. 155, § 5.
(b) A term of a trust providing that the interest of a beneficiary is held subject to a "spendthrift trust," or words of similar import, is sufficient to restrain both voluntary and involuntary transfers of the beneficiary's interest.
(c) Other than by valid disclaimer under W.S. 2-1-401, a beneficiary may not transfer an interest in a trust in violation of a spendthrift provision and, a creditor or assignee of the beneficiary may not reach the interest or attach a distribution by the trustee unless and until it is received by the beneficiary.
Structure Wyoming Statutes
Chapter 10 - Uniform Trust Code
Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts
Section 4-10-501 - Rights of Beneficiary's Creditor or Assignee.
Section 4-10-502 - Spendthrift Provision.
Section 4-10-503 - Exceptions to Spendthrift Provision.
Section 4-10-504 - Discretionary Trusts; Effect of Standard.
Section 4-10-505 - Standards of Distribution.
Section 4-10-505.1 - Power of Appointment or Withdrawal; Claims of Power Holder's Creditors.
Section 4-10-506 - Creditor's Claim Against Settlor.
Section 4-10-507 - Limitation on Action by Creditors.
Section 4-10-507.1 - Enforcement of Foreign Judgments; Liability for Compliance.
Section 4-10-508 - Overdue Mandatory Distribution.
Section 4-10-509 - Personal Obligations of Trustee.
Section 4-10-510 - Creation of Qualified Spendthrift Trust.
Section 4-10-511 - Qualified Trust Property.
Section 4-10-512 - Qualified Transfers; Exception.
Section 4-10-513 - Other Qualified Transfers.
Section 4-10-514 - Action Brought Pursuant to Provisions of Uniform Fraudulent Transfer Act.
Section 4-10-515 - Transfer by a Trustee; Time of Transfer.
Section 4-10-516 - Election to Become a Qualified Spendthrift Trust by Existing Trust.
Section 4-10-517 - Rights of Creditors or Others With Respect to Qualified Spendthrift Trust.
Section 4-10-518 - Actions Prohibited if Action by Creditor Would Be Barred.
Section 4-10-519 - Multiple Qualified Transfers in Same Trust Instrument.
Section 4-10-520 - Limitations on Qualified Trust Property.