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<div dir="ltr">I don’t think it is a problem, for example, for parents to create a spendthrift trust for their impecunious son. After all, it’s their money.<span></span></div>
<div dir="ltr">Phil Jones</div>
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> on behalf of Margaret Delp <delp@whidbey.net><br>
<b>Sent:</b> Thursday, January 11, 2024 4:37:13 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Testamentary Spendthrift Trust</font>
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<p class="x_MsoNormal">Hello everyone: </p>
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<p class="x_MsoNormal">Is it permissible to create a Will with a testamentary trust with spendthrift provisions for a beneficiary who has current, known creditors? I know that funding a self-settled trust to avoid creditors could be a voidable transaction under
RCW 19.40, there isn’t an analogous prohibition on creating a third-party testamentary trust for a beneficiary with known creditors, correct?
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<p class="x_MsoNormal">I have a client who was advised in another state that they could not create a testamentary trust for just one of their children (one with potential creditor issues), but needed to create trusts for all of the testator’s the children.
Anyone know why that would be the case?</p>
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<p class="x_MsoNormal">Thanks,</p>
<p class="x_MsoNormal">Margaret</p>
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