New Hampshire § 564-B-5-505B - Section 564-B:5-505B Coordination with Qualified Dispositions in Trusts.

§ 564-B-5-505B. Section 564-B:5-505B Coordination with Qualified Dispositions in Trusts.

(a) On the effective date of RSA 564-B:5-505A, RSA 564-B:5-505A shall apply to: (1) Any transfer that: (A) Was made before the effective date of RSA 564-B:5-505A; and (B) Qualified as a qualified disposition within the meaning of RSA 564-D:1, VII, as in effect immediately before the effective date of RSA 564-B:5-505A; and (2) Any trust into which, before the effective date of RSA 564-B:5-505A, there was a transfer described in subsection (a)(1). (b) Except as otherwise permitted under RSA 564-B:5-505A, a creditor or assignee of a settlor may not avoid a transfer described in subsection (a)(1) if the creditor or assignee could not have avoided the transfer under RSA 564-D as in effect immediately before the effective date of RSA 564-B:5-505A. (c) Except as otherwise permitted under RSA 564-B:5-505A, a creditor or assignee of a settlor may not reach any property of a trust described in subsection (a)(2) if the creditor or assignee could not have reached the property under RSA 564-D as in effect immediately before the effective date of RSA 564-B:5-505A.