{"data":{"id":"us-or/ors-130.305","jurisdiction":"us-or","citation":"ORS 130.305","heading":"UTC 502. Spendthrift provision.","body":"(1) A spendthrift provision is valid only if the provision restrains both voluntary and involuntary transfer of a beneficiary’s interest.\n      (2) 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      (3) A beneficiary may not transfer an interest in a trust in violation of a valid spendthrift provision. Except as otherwise provided in ORS 130.300 to 130.325, a creditor or assignee of a beneficiary may not reach the interest of a beneficiary or a distribution by the trustee before the distribution is received by the beneficiary.\n      (4) A settlement agreement entered into under ORS 130.045 is not, by itself, a transfer in violation of a valid spendthrift provision.","path":["03 - Landlord-Tenant, Domestic Relations, Probate","13. Protective Proceedings; Powers of Attorney; Trusts","Chapter 130 — Uniform Trust Code"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors130.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"e5820e0f5c183eae57ed8cfe9fb9957f860ab84c63dc82ea46b71a94828f5a98","source_id":"us-or","stale":false,"prev":"us-or/ors-130.300","next":"us-or/ors-130.310"},"notice":"GroundRules: Original legal text. Not legal advice."}