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Tracking Virginia’s General Assembly
since 2007.
HB2832: Spendthrift trust; related duties.
Chief Patron
Del.
Katherine Waddell (I-68)
Katherine Waddell
(I-68)
Richmond, VA
Served: 2006–
Progress
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Introduced |
 |
Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
03/09/2007: signed by governor
Summary
Spendthrift trust; related duties. The changes to § 55-541.05 make the statute more consistent with other related code sections; changes to §§ 55-545.01, 55-545.03 and 55-545.06 make it clear that an exception creditor cannot reach a beneficiary's interest even if the instrument contains a spendthrift provision, limit an exception creditor's access to a beneficiary's benefits, and define mandatory distribution, respectively.
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Related Bills
Status: assigned to subcommittee
Status: signed by governor
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