Spendthrift trust
id:
spendthrift-trust-299-13970061
title:
Spendthrift trust
text:
In trust law, a spendthrift trust is a trust that is created for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary generally cannot reach the funds in the trust, and the funds are not actually under the control of the beneficiary. The creator of a trust is often called the "trustor", "grantor", or "settlor" of the trust. A trust generally will not be tr
brand slug:
wiki
category slug:
encyclopedia
description:
Trust in which the assets are controlled by a third party and not the beneficiary
original url:
https://en.wikipedia.org/wiki/Spendthrift_trust
date created:
date modified:
2023-08-22T21:40:27Z
main entity:
{"identifier":"Q814500","url":"https://www.wikidata.org/entity/Q814500"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/5b/Shakespeare-Testament.jpg","width":3677,"height":4800}
fields total:
13
integrity:
15