{"data":{"id":"us-vt/14a-v.s.a.-502","jurisdiction":"us-vt","citation":"14A V.S.A. § 502","heading":"Spendthrift provision","body":"(a) A spendthrift provision is valid only if it restrains 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 chapter, 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":["Title 14A: Trusts","Chapter 005: Creditor's Claims; Spendthrift and Discretionary Trusts"],"source_url":"https://legislature.vermont.gov/statutes/section/14A/005/00502","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T17:16:59Z","sha256":"9febada1790a526ffa783ff8801c56ea3d713b425e9ded8ffd201aa459cd162f","source_id":"us-vt","stale":false,"prev":"us-vt/14a-v.s.a.-501","next":"us-vt/14a-v.s.a.-503"},"notice":"GroundRules: Original legal text. Not legal advice."}