Section 203E:502 - Spendthrift provision(a) A spendthrift provision shall be 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, shall be sufficient to restrain both voluntary and involuntary transfer of the beneficiary's interest.(c) A beneficiary may not transfer an interest in a trust in violation of a valid spendthrift provision and, except as otherwise provided in this article, a creditor or assignee of the beneficiary may not reach the interest or a distribution by the trustee before its receipt by the beneficiary.Mass. Gen. Laws ch. 203E, § 502
Added by Acts 2012, c. 140,§ 56, eff. 7/8/2012. See Acts 2012, c. 140, § 63.