Spendthrift Trust definition:
US law: a trust which in design prevents a beneficiary from depleting the trust funds, or from his creditors demanding payment therefrom.
Related Terms: Discretionary Trust, Sprinkling Trust ...
Spendthrift Clause
(n) spendthrift clause is a provision included in a will, which dishonor the claims against the property gifted by that will, which has been pledged, mortgaged or otherwise transferred in anticipation, ...
Spendthrift trust - A trust set up for the benefit of someone who the grantor believes would be incapable of managing his or her own financial affairs.
spendthrift clause
n. a provision in a trust or will that states that if a prospective beneficiary has pledged to turn over a gift he/she hopes to receive to a third party, the trustee or executor shall not honor such a pledge.
SPENDTHRIFT TRUST: A trust designed to keep money out of the hands of creditors. Often established to protect someone who is incapable of managing his or her financial affairs.
SPENDTHRIFT. By the Rev. Stat. of Vermont, tit. 16, c. 65, s. 9, spendthrift is defined to be a person who by excessive drinking) gaming, idleness or debauchery of any kind, shall so spend, waste, ...
Spendthrift trust
Definition
: a trust that is created for the benefit of a spendthrift who is paid income therefrom and that cannot be reached by creditors to satisfy the spendthrift's debts
Search Legal Dictionary ...
Now, most pension plans have the same protection as an ERISA anti-alienation clause giving these pensions the same protection as a spendthrift trust. The only remaining unprotected areas are the SIMPLE IRA and the SEP IRA.
*curator - guardian for young persons over the age of puberty and under 25; and for the insane and the spendthrift.
*cursus honorum - the chain of offices in the political career at Rome: quaestor, aedile, tribune, praetor, consul, censor.
 See also: Trust, Property, Law, Spendthrift trust, State
  
|
RSS
