Spendthrift Trust
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.
Class Relationships
Parent(s)
- • Trust
Is Defined By
N/A
See Also
None
Children 0
- • None
Translations
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Additional Information
Metadata
Comment
None
Description
None
Notes
- • None
Editorial Information
History Note
None
Editorial Note
None
Identifier
N/A
Deprecated
No
Source and Origin
No source or origin information available