First National Bank Canby v. Minda Olufson
MN.323 , 232 N.W. 337, 289 (1930)(181 Minn)
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Descripción editorial
Creditors of beneficiary of trust estate cannot reach property or income held by trustee. A testator bequeathed to a trustee real and personal property in trust, to hold and manage the same as a trust fund, with
authority to sell and mortgage land and reinvest the proceeds and receive the income from the trust property, and pay such
income annually to testator's daughter during her life, or, in certain contingencies, for a shorter period. It is held that
creditors of the daughter cannot reach either the property or the income therefrom while in the hands of the trustee during
the continuance of the trust.