West Virginia Code 44D-5-501 – Rights of beneficiary’s creditor or assignee
Current as of: 2023 | Check for updates
|
Other versions
To the extent a beneficiary's interest is not subject to a spendthrift provision, the court may authorize a creditor or assignee of the beneficiary to reach the beneficiary's interest in a trust by execution or other process against the present or future distributions to or for the benefit of the beneficiary. The court may limit the award to relief as appropriate under the circumstances.
Terms Used In West Virginia Code 44D-5-501
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC