Spendthrift Trust

Learn about the definition for this legal term.

What is Spendthrift Trust?

A trust designed so that beneficiaries are unable to sell or give away their equitable interest in the trust property. The trustee is in control of the managing the property, and the beneficiary's creditors cannot reach the undistributed corpus of the trust.

Further Reading

For more detailed information, see our related Wills Trusts And Estates terms:

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