Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 7-3.4 — Excess income from trust property subject to creditors' claims
N.Y. Est. Powers & Trusts Law § 7-3.4
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 7-3.4 Excess income from trust property subject to creditors' claims
Citator
N.Y. Est. Powers & Trusts Law § 7-3.4 — Excess income from trust property subject to creditors' claims is in force in the current edition of the Code, and nothing recorded condemns it.
§ 7-3.4 Excess income from trust property subject to creditors' claims
Where a trust is created to receive the income from property and no valid direction for accumulation is given, the income in excess of the sum necessary for the education and support of the beneficiary is subject to the claims of his creditors in the same manner as other property which cannot be reached by execution.