Senior Associate Dave Parnall tackles the issue of enforcing support judgments against trusts in a new article on WealthManagement.com. “It’s a marvelous troika: money, power, love. No wonder that when a divorce comes along to flip that coin, the horrors of its other side can lead better people down darker paths.” Continue reading here.
The statutory scheme for enforcing money judgments against trusts, the limitations on that scheme when facing spendthrift clauses, and ways around those limitations.
Spendthrift Trusts, Limited Protection for Deadbeat Beneficiaries. - California law has long recognized a settlor’s right to restrict a beneficiary’s use of trust assets. Restraints on alienation, spendthrift clauses, shutdown clauses and wholly discretionary trusts are a few of the tools settlors may use when creating a trust for the benefit of someone likely to have creditor problems.
Congratulations to Ryan Szczepanik & Andrew Verriere who are recipients of the CCCBA Pro Bono Honor Roll.