In a spendthrift trust, all control over the trust is removed from the beneficiary.

Name: In a spendthrift trust, all control over the trust is removed from the beneficiary.
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Quizplus · Accepted Answer

In a spendthrift trust, the control over the trust is given to a third-party trustee who decides when and how much money to distribute to the beneficiary, thus removing control from the beneficiary. This is done to protect the trust assets from the creditors of the beneficiary.

In a Spendthrift Trust, All Control Over the Trust Is