Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.
D.C. Code § 19-1305.07
Uniform Law: This section is based upon § 507 of the Uniform Trust Code.
Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.
D.C. Code § 19-1305.07
Uniform Law: This section is based upon § 507 of the Uniform Trust Code.