{"data":{"id":"us-il/760-ilcs-3-502","jurisdiction":"us-il","citation":"760 ILCS 3/502","heading":"Spendthrift provision.","body":"(a) A spendthrift provision is valid only if it prohibits both voluntary and involuntary transfer of a beneficiary's interest.\n(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.\n(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.\n(d) A valid spendthrift provision does not prevent the appointment of interests through the exercise of a power of appointment.","path":["CHAPTER 760 TRUSTS AND FIDUCIARIES","Illinois Trust Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=4001\u0026ChapterID=61\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:44Z","sha256":"a656f41b473ceb5db4329b720e4261bfda84ccc23f18c9a37b18e35c773de697","source_id":"us-il","stale":false,"prev":"us-il/760-ilcs-3-501","next":"us-il/760-ilcs-3-503"},"notice":"GroundRules: Original legal text. Not legal advice."}