Ala. Code § 19-3B-502: Spendthrift Provision.
Where this section sits in the code
- Title 19 Fiduciaries and Trusts.
- Chapter 3B Alabama Uniform Trust Code.
(a) A spendthrift provision is valid only if it restrains both voluntary and involuntary transfer of a beneficiary’s interest.
(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 transfer of the beneficiary’s interest.
(c) A beneficiary may not transfer an interest in a trust in violation of a valid spendthrift provision and, except as otherwise provided in this article, a creditor or assignee of the beneficiary may not reach the interest or a distribution by the trustee before its receipt by the beneficiary.
Collected 2026-09-03T14:01:52Z. Source file · JSON