Protective Trust

Spendthrift Trust - A Spendthrift Trust is a trust established to provide financial support to a beneficiary while protecting the trust assets from the beneficiary's creditors or reckless spending. The trustee has control over the distribution of funds to ensure they are used for the beneficiary's welfare in accordance with the trust's terms.

Class Information

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Identification

Label (rdfs)
Spendthrift Trust
Preferred Label
Protective Trust
Alternative Labels
Discretionary Trust
Identifier
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Definition and Examples

Definition
A Spendthrift Trust is a trust established to provide financial support to a beneficiary while protecting the trust assets from the beneficiary's creditors or reckless spending. The trustee has control over the distribution of funds to ensure they are used for the beneficiary's welfare in accordance with the trust's terms.
Examples
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Translations

en-au
Protective Trust
en-gb
Protective Trust

Class Relationships

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Additional Information

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Deprecated
False

Metadata

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