(a) A spendthrift provision is valid only if it restrains both voluntary and involuntary
transfer of a beneficiary's interest.
(b) A term of a trust providing that the interest of a beneficiary is held subject
to a “spendthrift trust”, or words of similar import, is sufficient to restrain both
voluntary and involuntary transfer of the beneficiary's interest.
(c) A beneficiary shall not transfer an interest in a trust in violation of a valid
spendthrift provision and, except as otherwise provided in this part, a creditor or
assignee of the beneficiary shall not reach the interest or a distribution by the
trustee before its receipt by the beneficiary.
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