Georgia Governor Gives Veto Pen a Workout

Georgia Governor Nathan Deal vetoed a whopping 21 bills on Tuesday. Several of the bills were local legislation handling charters and the incorporation of sections of cities. One bill that was vetoed was statewide and dealt with trusts that may have been beneficial to some Georgians.

HB 441, which allows for the creation and use of self-settled spendthrift trusts, also known as self-settled asset protection trusts. Deal states that the trusts can allow beneficiaries to shirk creditors while preserving assets. He is not convinced such trusts are needed in Georgia.

See Sarah Fay Campbell, Governor’s Veto Pen Gets A Workout, Nawnan Times-Herald, May 10, 2018.

Special thanks to Adam J. Hirsch, Professor of Law at the University of San Diego School of Law, for bringing this article to my attention.