In a spendthrift trust,a beneficiary can transfer his or her right to the trust's principal if the transfer is "thrifty."

Question

Quizplus · Accepted Answer

In a spendthrift trust, the beneficiary cannot transfer his or her right to the trust's principal, regardless of whether the transfer is thrifty or not. The purpose of a spendthrift trust is to protect the beneficiary's interest from creditors and other third parties, and therefore the beneficiary cannot alienate their interest in the trust.

In a Spendthrift Trust,a Beneficiary Can Transfer His or Her