spendthrift trust Antonyms
No Synonyms and anytonyms found
Meaning of spendthrift trust
Wordnet
spendthrift trust (n)
a trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence
spendthrift trust Sentence Examples
- The spendthrift trust was established to protect the inheritance from reckless spending.
- The trustee has a fiduciary duty to preserve the trust assets for the benefit of the spendthrift.
- A spendthrift trust can help prevent the beneficiary from squandering their fortune.
- The terms of the spendthrift trust specify how the assets can be used.
- The trustee can distribute income from the spendthrift trust to the beneficiary, but not principal.
- Creditors cannot access assets held in a spendthrift trust.
- A spendthrift trust can provide financial security for a beneficiary who is unable to manage their own money.
- The spendthrift provision can be revoked if the beneficiary proves they are financially responsible.
- A spendthrift trust can be used to prevent a beneficiary from becoming a burden on society.
- The spendthrift trust is a valuable tool for protecting the inheritance of a beneficiary who may make poor financial decisions.
FAQs About the word spendthrift trust
a trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence
No synonyms found.
No antonyms found.
The spendthrift trust was established to protect the inheritance from reckless spending.
The trustee has a fiduciary duty to preserve the trust assets for the benefit of the spendthrift.
A spendthrift trust can help prevent the beneficiary from squandering their fortune.
The terms of the spendthrift trust specify how the assets can be used.
