Wyoming Statutes

§ 4-10-502 — Spendthrift provision

Wyoming·Title 04 Fiduciaries·Ch. 10 UNIFORM TRUST CODE·Art. 5 CREDITOR'S CLAIMS; SPENDTHRIFT AND DISCRETIONARY
(a)Repealed By Laws 2007, Ch. 155, § 5.
(b)A term of a trust providing that the interest of a beneficiary is held subject to a "spendthrift trust," or words of similar import, is sufficient to restrain both voluntary and involuntary transfers of the beneficiary's interest.
(c)Other than by valid disclaimer under W.S. 2-1-401, a beneficiary may not transfer an interest in a trust in violation of a spendthrift provision and, a creditor or assignee of the beneficiary may not reach the interest or attach a distribution by the trustee unless and until it is received by the beneficiary.

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