The Spendthrift Trust
A spendthrift trust is an irrevocable trust that includes a provision limiting the beneficiary’s access to the funds. Spendthrift trusts are typically established by a grantor who wants to protect the assets left to a beneficiary. They may be concerned the beneficiary does not have the financial acumen to properly manage the money, or they may want to protect the assets from divorce, creditors, or lawsuits.
Wealth | Investments | Planning Commerce Trust Company
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