A spendthrift trust provides for a beneficiary by giving him or her sufficient funds to maintain an extravagant lifestyle and still meet his or her obligations.

Question

Quizplus · Accepted Answer

A spendthrift trust is designed to provide for a beneficiary by controlling the distribution of funds to protect the assets from being squandered or from creditors, not necessarily to maintain an extravagant lifestyle.

A Spendthrift Trust Provides for a Beneficiary by Giving Him