O.C.G.A.

O.C.G.A. § 53-12-83 (2019)

Creditors’ claims against property that is subject to withdrawal right

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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The holder of a power of withdrawal, during the period that the power may be exercised, shall be treated in the same manner as the settlor of a revocable trust to the extent of the property subject to the power. The lapse, release, or waiver of a power of withdrawal shall not cause the holder to be treated as a settlor of the trust.

History

Code 1981, § 53-12-83, enacted by Ga. L. 2010, p. 579, § 1/SB 131.

ARTICLE 6 TESTAMENTARY ADDITIONS TO TRUSTS PART 1 TESTAMENTARY ADDITIONS TO TRUSTS

Annotations

RESEARCH REFERENCES Am. Jur. Pleading and Practice Forms. - Am. Jur. Pleading and Practice Forms, Trusts, § 17.

U.L.A. - Uniform Testamentary Additions to Trusts Act (U.L.A.) § 1 et seq.