{"jurisdiction": "us-ny", "code": "eptl", "section": "7-3.4", "citation": "EPTL § 7-3.4", "heading": "Excess income from trust property subject to creditors' claims", "text": ["§ 7-3.4 Excess income from trust property subject to creditors' claims", "Where a trust is created to receive the income from property and no valid direction for accumulation is given, the income in excess of the sum necessary for the education and support of the beneficiary is subject to the claims of his creditors in the same manner as other property which cannot be reached by execution."], "official_source": "https://www.nysenate.gov/legislation/laws/EPT/7-3.4", "from_official_api": true, "plain_english": "When a trust directs payment of income without a valid accumulation direction, income **beyond what is needed for the beneficiary’s education and support is subject to creditor claims** like other property not reachable by execution. ★", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/eptl/7-3.4", "publisher": "Elyphived LLC"}