Pennsylvania § 7742 - Spendthrift provision - UTC 502.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 7742 — Spendthrift provision - UTC 502., with citation guidance and answers to common questions.
§ 7742. Spendthrift provision - UTC 502.
(a) Validity.--A spendthrift provision is valid only if it restrains both voluntary and involuntary transfer of a beneficiary's interest.
(b) Creation.--A term of a trust providing that the interest of a beneficiary is held subject to a "spendthrift trust," or words of similar import, is sufficient to restrain both voluntary and involuntary transfer of the beneficiary's interest.
(c) Effect.--A beneficiary may not transfer an interest in a trust in violation of a valid spendthrift provision. Except as otherwise provided in this subchapter, a creditor or assignee of the beneficiary of a spendthrift trust may not reach the interest or a distribution by the trustee before its receipt by the beneficiary.
(July 15, 2024, P.L.786, No.64, eff. 90 days)
2024 Amendment. Act 64 amended subsec. (b). See section 11 of Act 64 in the appendix to this title for special provisions relating to Uniform Trust Code.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 7742
What does Pennsylvania Consolidated Statutes § 7742 cover?
Section 7742 ("Spendthrift provision - UTC 502.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 7742?
A common citation format is "Pennsylvania Consolidated Statutes § 7742" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 7742 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.