3B: 1-7 Exclusion of property passing to a testamentary trustee other than by devise from rights of personal representative or creditors of decent
Property passing to a testamentary trustee other than by devise shall not be subject to rights of, powers of or to administration by a personal representative or to rights of creditors to any extent beyond that to which it would otherwise be if the testamentary trust was an inter vivos trust.
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1 comment:
What does this actually mean, though? It says it's not subject to the creditors of the estate "beyond that to which it would otherwise be if the testamentary trust was an inter vivos trust." What does that mean?? Some inter vivos trusts are subject to creditors and some aren't. This doesn't make any sense.
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