Court Opinion

ID: 9622503
Source: CourtListenerOpinion
Date Created: 2023-08-22 06:18:47.022868+00
Date Added: 2024-06-11T17:28:01.271887
License: Public Domain

HUNSTEIN, Chief Justice,
dissenting.
I respectfully dissent to the majority’s holding. I cannot agree that Speed v. Speed, 263 Ga. 166 (430 SE2d 348) (1993) is controlling here given that the trust in this case does not allow the settlor to take any distribution from the principal during his lifetime. The settlor cannot be said to be “shifting [his] assets from one pocket to another,” id. at 168, so as to “shield his own trust assets from his creditors,” Maj. Op., p. 620, when the settlor himself is completely unable to utilize those assets during his own lifetime. Accordingly, I would answer the certified question in the negative.