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 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 ...

Spendthrift Farm has announced the stud fees for its roster of 29 stallions, led by North America's reigning five-time ...

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's unstoppable Into Mischief, the five-time leading sire who is on target for a sixth consecutive title in ...

Authentic, Into Mischief’s 2020 Horse of the Year, has sired 13 winners to date from his debut crop of 2-year-olds, including ...

It has marked similarities to asset-protection trusts found in several offshore jurisdictions and US Spendthrift trusts. In such a trust assets are ordinarily held to pay an income to the beneficiary.

Trusts also allow you to put restrictions on how money is spent. Payable on death accounts don’t allow restrictions.