Voidance Of Trusts

  • In the absence of intent to defraud, a trust shall not be void or voidable as a consequence of a subsequent bankruptcy of the settler nor in consequence of any action taken against the settler by his creditors.
  • The Courts may declare a Trust void or voidable only if the creditor proves beyond reasonable doubt that the Settlor’s intent was to defraud creditors.
  • No action may be brought against the Trust assets more than 2 years after settling the assets into the Trust.
Voidance Of Trusts was last modified: April 14th, 2015 by Manu Raj

Manu Raj

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