Eaton v. Boston Safe Deposit & Trust Co.

Citations

• 240 U.S. 427
• 36 S. Ct. 391
• 60 L. Ed. 723
• 1916 U.S. LEXIS 1464

Syllabus

<p>Trusts for life with income to be free from interference or control of creditors of the beneficiary are in Massachusetts valid and effective against creditors, and under certain conditions, against assignees in insolvency and.trustees in bankruptcy.</p> <p>The policy of the'Bankruptcy Act is to respect state exemptions.</p> <p>A trust fund established by a will, the whole of the income to be paid during life of the beneficiary with such portion of the principal as shall make the annual amount to be paid at least a stated sum, said income to be free from interference or control of creditors, held, in this case, following the decision of the highest court of Massachusetts, • not to pass to the trustee in bankruptcy of the beneficiary under § 70 a (5) of the Bankruptcy Act.</p>