Common use of Inalienability Clause in Contracts

Inalienability. No beneficiary shall have any right to anticipate, sell, assign, mortgage, pledge or otherwise dispose of or encumber all or any part of the Trust Estate, nor shall any part of the Trust Estate, including income, be liable for the debts or obligations, including alimony, of any beneficiary or be subject to attachment, garnishment, execution, creditor’s bill or any other legal or equitable process. This provision shall not bar any remedy sought by the Georgia Department of Community Health for the purpose of obtaining trust distributions in accordance with this Trust declaration and applicable federal or state laws and administrative regulations.

Inalienability. No beneficiary shall have any right to anticipate, sell, assign, mortgage, pledge or otherwise dispose of or encumber all or any part of the Trust Estate, nor shall any part of the Trust Estate, including income, be liable for the debts or obligations, including alimony, of any beneficiary or be subject to attachment, garnishment, execution, creditor’s bill xxxx or any other legal or equitable process. This provision shall not bar any remedy sought by the Georgia Department of Community Health for the purpose of obtaining trust distributions in accordance with this Trust declaration and applicable federal or state laws and administrative regulations.