7-3.4 - Excess income from trust property subject to creditors' claims - New York Statutes

§ 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.