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RSA 564-B:5-505B · Coordination with Qualified Dispositions in Trusts

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

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(a)

On the effective date of RSA 564-B:5-505A, RSA 564-B:5-505A shall apply to:

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(1)

Any transfer that:

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(A)

Was made before the effective date of RSA 564-B:5-505A; and

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(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

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(2)

Any trust into which, before the effective date of RSA 564-B:5-505A, there was a transfer described in subsection (a)(1).

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(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.

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(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. Source. 2017, 257:21, eff. Sept. 16, 2017.

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Source note

Source. 2017, 257:21, eff. Sept. 16, 2017.

Source history

  • 2017, 257:21, eff. Sept. 16, 2017

Related materials

Bill relationships

  • 2025 HB88 amend

    housand Twenty Five AN ACT establishing community property trusts. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Article; Article 13 Community Property Trusts. Amend RSA 564-B by inserting after article 12 the following new article: Article 13 Community Property Trusts 564-B:13-1301 Short Title. This article shall be known as the "New Hampshire Community Property Trust Act of 2026."