You may want to take care of your children in your will but suspect that they would blow through their inheritance in just a few years. That’s when a spendthrift trust comes in handy. Also called a ...

A settlor must intend to create a spendthrift trust, and, as such, the trust must contain a spendthrift clause that restrains both voluntary and involuntary alienation. 1 A provision as simple as ...

Attorney Dennis Beaver explains why a “spendthrift clause” might be appropriate for some people planning their estates.

Sometimes you have to hold the reins tight, especially when it comes to money. A spendthrift trust does exactly that. “This protects people from themselves. Say someone has a drug, alcohol or gambling ...

It’s a common misconception in the estate-planning community that assets held in a spendthrift trust are protected against claims in a divorce. It’s also a common misconception that setting up a ...

Financial advisors and tax professionals seeking to help clients protect trust assets in the event of divorce, lawsuits or an extravagant heir should know the basics of a spendthrift clause. An ...

A spendthrift is an individual who is prone to using property in an excessive or frivolous manner. Thus, a spendthrift trust serves two important purposes: (1) it protects the beneficiary of the trust ...

Abel wants me to have a family trust written with a 'spendthrift' clause that would completely protect his portion from all of his debts and judgments, including child and spousal support. "I want to ...