This type of trust can be created to protect the interests of the beneficiaries who might spend trust funds unwisely.

Question

Quizplus · Accepted Answer

A spendthrift trust restricts the beneficiaries from accessing or spending the trust funds unwisely. Instead, a trustee is appointed to manage the trust and distribute the funds to the beneficiaries as specified in the trust document. This protects the beneficiaries from their own lack of financial discipline or from the claims of their creditors.

This Type of Trust Can Be Created to Protect the Interests