Court Upholds Garnishment of Beneficiary's Interest in Distributions From a Del. Statutory Trust

Barry Klayman and Mark Felger (Wilmington), writing in the Delaware Business Court Insider, discuss a recent decision by the Delaware Supreme Court upholding the garnishment of a beneficiary’s interest in distributions from a Delaware Statutory Trust. The court affirmed that trust distributions are personal property subject to garnishment by creditors of a beneficiary.

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Mark E. Felger

Co-Chair, Bankruptcy, Insolvency & Restructuring

(302) 295-2087

Barry M. Klayman

Of Counsel

(302) 295-2035

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