A spendthrift trust is one that gives directions to the trustee to spend all money on the beneficiary as fast as possible.

Name: A spendthrift trust is one that gives directions to the trustee to spend all money on the beneficiary as fast as possible.
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Question

A spendthrift trust is one that gives directions to the trustee to spend all money on the beneficiary as fast as possible.​

Quizplus · Accepted Answer

A spendthrift trust is designed to protect the beneficiary's assets from their own potential reckless spending and from creditors, by giving the trustee control over how the funds are distributed to the beneficiary.

A Spendthrift Trust Is One That Gives Directions to the Trustee