New Hampshire Revised Statutes 564-B:5-505B – Coordination with Qualified Dispositions in Trusts
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(a) On the effective date of N.H. Rev. Stat. § 564-B:5-505A, N.H. Rev. Stat. § 564-B:5-505A shall apply to:
(1) Any transfer that:
(A) Was made before the effective date of N.H. Rev. Stat. § 564-B:5-505A; and
(B) Qualified as a qualified disposition within the meaning of N.H. Rev. Stat. § 564-D:1, VII, as in effect immediately before the effective date of N.H. Rev. Stat. § 564-B:5-505A; and
(2) Any trust into which, before the effective date of N.H. Rev. Stat. § 564-B:5-505A, there was a transfer described in subsection (a)(1).
(b) Except as otherwise permitted under N.H. Rev. Stat. § 564-B:5-505A, a creditor or assignee of a settlor may not avoid a transfer described in subsection (a)(1) if the creditor or assignee could not have avoided the transfer under N.H. Rev. Stat. Chapter 564-D as in effect immediately before the effective date of N.H. Rev. Stat. § 564-B:5-505A.
(c) Except as otherwise permitted under N.H. Rev. Stat. § 564-B:5-505A, a creditor or assignee of a settlor may not reach any property of a trust described in subsection (a)(2) if the creditor or assignee could not have reached the property under N.H. Rev. Stat. Chapter 564-D as in effect immediately before the effective date of N.H. Rev. Stat. § 564-B:5-505A.
(1) Any transfer that:
(A) Was made before the effective date of N.H. Rev. Stat. § 564-B:5-505A; and
(B) Qualified as a qualified disposition within the meaning of N.H. Rev. Stat. § 564-D:1, VII, as in effect immediately before the effective date of N.H. Rev. Stat. § 564-B:5-505A; and
(2) Any trust into which, before the effective date of N.H. Rev. Stat. § 564-B:5-505A, there was a transfer described in subsection (a)(1).
(b) Except as otherwise permitted under N.H. Rev. Stat. § 564-B:5-505A, a creditor or assignee of a settlor may not avoid a transfer described in subsection (a)(1) if the creditor or assignee could not have avoided the transfer under N.H. Rev. Stat. Chapter 564-D as in effect immediately before the effective date of N.H. Rev. Stat. § 564-B:5-505A.
(c) Except as otherwise permitted under N.H. Rev. Stat. § 564-B:5-505A, a creditor or assignee of a settlor may not reach any property of a trust described in subsection (a)(2) if the creditor or assignee could not have reached the property under N.H. Rev. Stat. Chapter 564-D as in effect immediately before the effective date of N.H. Rev. Stat. § 564-B:5-505A.