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13 chapters · 147 sections in this title.
18-B M.R.S. § 501 Rights of beneficiary's creditor or assignee
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To the extent a beneficiary's interest is not protected by a spendthrift provision, the court may authorize a creditor or assignee of the beneficiary to reach the beneficiary's interest by attachment of present or future distributions to the beneficiary. The court may limit the a…
18-B M.R.S. § 502 Spendthrift provision
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1. Restrains voluntary and involuntary transfers. A spendthrift provision is valid only if it restrains both voluntary and involuntary transfer of a beneficiary's interest. 2. Terminology. A term of a trust providing that the interest of a beneficiary is held subject to a "spendt…
18-B M.R.S. § 503 Exceptions to spendthrift provision
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There are no exceptions to spendthrift provisions except as provided in sections 504, 505 and 506.
18-B M.R.S. § 504 Discretionary trusts; effect of standard
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1. Creditor may not compel distribution. Whether or not a trust contains a spendthrift provision, a creditor of a beneficiary may not compel a distribution that is subject to the trustee's discretion, even if: A. The discretion is expressed in the form of a standard of distributi…