Oregon § 130.518 Creditor protections retained upon conveyance of property held as tenants by the entirety to revocable trust

Oregon Statutes

§ 130.518 — Creditor protections retained upon conveyance of property held as tenants by the entirety to revocable trust

Oregon § 130.518

Vol.3

Title 13Protective Proceedings; Powers of Attorney; Trusts

Ch. 130Uniform Trust Code

This text of Oregon § 130.518 (Creditor protections retained upon conveyance of property held as tenants by the entirety to revocable trust) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 130.518 (2026).

Text

(1)Real property of spouses married to each other that was held as tenants by the entirety and subsequently conveyed to the trustee or trustees of the joint revocable trust of the spouses or of the separate revocable trust of each spouse shall have the same immunity from the claims of a spouse’s creditors as would exist if the spouses had continued to hold the property as tenants by the entirety, if:

(a)The spouses remain married to each other;

(b)The real property continues to be held in trust by the trustee or trustees or the successor trustee or trustees; and

(c)Both spouses are beneficiaries of the trust or trusts, including where both spouses are current beneficiaries of one trust that holds the entire property or each spouse is a current beneficiary of a separate trust and the tw

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(1) Real property of spouses married to each other that was held as tenants by the entirety and subsequently conveyed to the trustee or trustees of the joint revocable trust of the spouses or of the separate revocable trust of each spouse shall have the same immunity from the claims of a spouse’s creditors as would exist if the spouses had continued to hold the property as tenants by the entirety, if:
(a) The spouses remain married to each other;
(b) The real property continues to be held in trust by the trustee or trustees or the successor trustee or trustees; and
(c) Both spouses are beneficiaries of the trust or trusts, including where both spouses are current beneficiaries of one trust that holds the entire property or each spouse is a current beneficiary of a separate trust and the two separate trusts together hold the entire property, whether or not other persons are also current or future beneficiaries of the trust or trusts.
(2) The protection from the claims of separate creditors under this section may be waived as to any specific creditor, including any separate creditor of either spouse, or any specifically described property, including any former tenancy by the entirety property conveyed into trust, by the trustee acting under the express provision of a trust instrument or with the written consent of both spouses.