§ 175.88. Applicable trust provisions for beneficiaries holding support interests
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 175.88
§ 175.88. Applicable trust provisions for beneficiaries holding support interests
The following provisions apply only to trusts with one or more beneficiaries holding support interests:
1. The fact that a court would have exercised the distribution power under a support interest differently than the trustee is not sufficient reason for interfering with the exercise of the distribution power by the trustee. However, a court may review the distribution discretion of a trustee if the trustee acts beyond the bounds of reasonableness;
4. As provided by the Oklahoma Discretionary and Special Needs Trust Act, the sole and exclusive remedy of an exception creditor is the attachment of the beneficiary's support interest at the trust level. The court may limit the amount subject to attachment as appropriate under the circumstances to provide for the needs of the beneficiary and the family of the beneficiary; and
Credits
Laws 2010, c. 280, § 8, eff. Nov. 1, 2010.
60 Okl. St. Ann. § 175.88, OK ST T. 60 § 175.88
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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