Does Nebraska Legislation Protect Accounts From Creditors?
The legislation establishing the Nebraska Educational Savings Plan Trust is to be interpreted in accordance with Nebraska law. Such legislation generally provides that any amount credited to a College Savings Plan of Nebraska Account is not susceptible to any levy, execution, judgment or other operation of law, garnishment or other judicial enforcement, and that such amount is not an asset or property of either the Beneficiary or the Account Owner for purposes of any state insolvency or inheritance tax laws. Courts have yet to interpret, apply or rule on matters involving an interpretation of such legislation. Neither the Trust, the Nebraska State Treasurer, the Investment Council, the Nebraska State Investment Officer, or the Program Manager make any representations or warranties regarding protection from creditors. You should consult your legal advisor regarding this law and your circumstances. What if I move out of state? A change of residence will not affect the account. You can ke
