A trust containing a provision that protects the assets of the trust from creditors and from the beneficiary's reckless spending is a

Question

Quizplus · Accepted Answer

A spendthrift trust is designed to protect the trust assets from both the beneficiary's creditors and their own reckless spending habits. In a spendthrift trust, the trustee has the discretion to determine when and how much of the trust's assets will be distributed to the beneficiary, which helps to prevent them from wasting the assets or having them seized by creditors.

A Trust Containing a Provision That Protects the Assets of the Trust