Oklahoma § 60-175.92 - Existence of a spendthrift provision - Amount the
Full text of Oklahoma Oklahoma Statutes § 60-175.92 — Existence of a spendthrift provision - Amount the, with citation guidance and answers to common questions.
§ 60-175.92. Existence of a spendthrift provision - Amount the
creditor or assignee may reach.
Subject to the provisions of the Family Wealth Preservation
Trust Act:
1. Whether or not the terms of a trust contain a spendthrift
provision, the following rules apply:
a.
during the lifetime of the settlor, the property of a
revocable trust is subject to the claims of the
creditors of the settlor, and
b.
a spendthrift provision is ineffective with respect to
the settlor of a revocable trust while the trust is
revocable; and
2. A creditor or assignee of the settlor may reach the maximum
amount that can be distributed to or for the benefit of the settlor.
If a trust has more than one settlor, the amount the creditor or
assignee of a particular settlor may reach may not exceed the
interest of the settlor in the portion of the trust attributable to
the contribution of that settlor.
Added by Laws 2010, c. 280, § 12, eff. Nov. 1, 2010.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-175.92
What does Oklahoma Statutes § 60-175.92 cover?
Section 60-175.92 ("Existence of a spendthrift provision - Amount the") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 60-175.92?
A common citation format is "Oklahoma Statutes § 60-175.92" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 60-175.92 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.