{"data":{"id":"us-mn/minn.-stat.-501c.0502","jurisdiction":"us-mn","citation":"Minn. Stat. § 501C.0502","heading":"SPENDTHRIFT PROVISION.","body":"(a) A trust has a valid spendthrift provision if:\n(1) the trust includes a provision that restricts both voluntary and involuntary transfers of a beneficiary's interest; or\n(2) by the terms of the trust instrument, the settlor manifests an intention to impose restrictions on both voluntary and involuntary transfers 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 restrict both voluntary and involuntary transfers of the beneficiary's interest.\n(c) For the purposes of this section, neither a valid disclaimer nor the exercise of a limited power of appointment is a voluntary transfer.\n(d) A beneficiary may not transfer an interest in a trust in violation of a valid spendthrift provision and a creditor or assignee of the beneficiary may not reach the interest or a distribution by the trustee before its receipt by the beneficiary.","path":["PROPERTY AND PROPERTY INTERESTS","CHAPTER 501C. TRUSTS","SPENDTHRIFT TRUSTS; CREDITOR'S CLAIMS AND DISCRETIONARY TRUSTS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/501C.0502","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:48Z","sha256":"12b162d65efe497fce0781e6eb61ec41d62f75324c61fecaee6558ba970ef9d8","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-501c.0417","next":"us-mn/minn.-stat.-501c.0504"},"notice":"GroundRules: Original legal text. Not legal advice."}