Oklahoma § 60-175.92 Existence of a spendthrift provision - Amount the

Oklahoma Statutes

§ 60-175.92 — Existence of a spendthrift provision - Amount the

Oklahoma § 60-175.92

Title 60Property

This text of Oklahoma § 60-175.92 (Existence of a spendthrift provision - Amount the) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 60, § 60-175.92 (2026).

Text

creditor or assignee may reach. Subject to the provisions of the Family Wealth Preservation Trust Act: 1. Whether or not the terms of a trust contain a spendthrift provision, the following rules apply: a. during the lifetime of the settlor, the property of a revocable trust is subject to the claims of the creditors of the settlor, and b. a spendthrift provision is ineffective with respect to the settlor of a revocable trust while the trust is revocable; and 2. A creditor or assignee of the settlor may reach the maximum amount that can be distributed to or for the benefit of the settlor. If a trust has more than one settlor, the amount the creditor or assignee of a particular settlor may reach may not exceed the interest of the settlor in the portion of the trust attributable to the contrib

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creditor or assignee may reach. Subject to the provisions of the Family Wealth Preservation Trust Act: 1. Whether or not the terms of a trust contain a spendthrift provision, the following rules apply: a. during the lifetime of the settlor, the property of a revocable trust is subject to the claims of the creditors of the settlor, and b. a spendthrift provision is ineffective with respect to the settlor of a revocable trust while the trust is revocable; and 2. A creditor or assignee of the settlor may reach the maximum amount that can be distributed to or for the benefit of the settlor. If a trust has more than one settlor, the amount the creditor or assignee of a particular settlor may reach may not exceed the interest of the settlor in the portion of the trust attributable to the contribution of that settlor.