That’s when a spendthrift trust comes in handy. Also called a spendthrift provision, this type of trust has restrictions that protect heirs from both themselves and potential creditors.
The Ninth Circuit ruled Tuesday that creditors may access trust distributions from spendthrift trusts to pay off bankruptcy debts, minus any funds allocated for education or living expenses. (CN) – ...
The APT is a trust created by the grantor and for the grantor, during the grantor’s lifetime — so called “self-settled spendthrift trust.” Twenty states plus many offshore jurisdictions ...
Spendthrift Farm's unstoppable Into Mischief, the five-time leading sire who is on target for a sixth consecutive title in ...
Creating a domestic asset protection trust (DAPT) that both has multijurisdictional contacts and is nonvoidable in whole or in part is easier said than done. There are the state conflict-of-laws ...
Spendthrift Farm has announced the stud fees for its roster of 29 stallions, led by North America's reigning five-time ...
Another option is to incorporate a spendthrift provision in the trust that restricts a beneficiary’s interest in trust assets ...
Spendthrift Farm has announced the stud fees for its roster of 29 stallions set to stand at the Lexington-based farm for the ...
The creator of a trust is often called the "trustor", "grantor", or "settlor" of the trust. A trust generally will not be treated as a spendthrift trust unless the trust agreement contains language ...