N.Y. Estates, Powers & Trusts Law § 7-3.4: Excess income from trust property subject to creditors' claims

§ 7-3.4 Excess income from trust property subject to creditors' claims

Where a trust is created to receive the income from property and no

valid direction for accumulation is given, the income in excess of the

sum necessary for the education and support of the beneficiary is

subject to the claims of his creditors in the same manner as other

property which cannot be reached by execution.