Definitions of spendthrift trust
a trust that does not allow the beneficiary's interest to be assigned to another person
The new law will create a new form of spendthrift trust, protected against the claims of creditors.
spendthrift trust
noun
noun
a trust that does not allow the beneficiary's interest to be assigned to another person
The new law will create a new form of spendthrift trust, protected against the claims of creditors.