Insert a “spendthrift” clause. You could stipulate that the assets in the trust can’t be sued to satisfy debts. In other words, say this person spent a ton of money and got into massive debt. He couldn’t utterly bankrupt himself by sapping up all the trust fund money to pay it ...
What is a spendthrift clause? Podcast Episode 2023 1m YOUR RATING RateAdd a plot 在IMDbPro 上查看制作信息 Add to WatchlistPhotos Add photoStoryline EditUser reviews Be the first to review Details Edit Release date January 19, 2023 (United Kingdom) See more company credits at IMDbPro ...
Buy anumbrella insurance policythat protects you from personal injury claims above the standard coverage offered by your home and auto policies. Make the most of your state's laws regarding homesteads, annuities, and life insurance. Paying down yourmortgage, for example, could protect cash. Don't...
A Payor Benefit Clause, also referred to as a Premium Waiver Rider, is an optional provision that can be added to a life insurance policy to provide additional financial protection. This clause is designed to ensure that the policy remains in force even if the policyholder becomes ...
Because the government is providing basic support for the individual, spendthrift clauses in discretionary trusts do not apply. However, there is an exception for a supplemental needs trust that exists to provide support for medical services that the government does not cover....
Ongoing transfers:There are some interesting ways to transfer large sums of money using a trust fund, including establishing a small trust that buys a life insurance policy on the grantor. When the grantor passes away, the insurance proceeds are distributed to the trust. That money is then used...
As Barack Obama ramps up the war rhetoric in a desperate bid to involve America in the Syrian Conflict and (he vainly hopes) thus save his failed Presdiency and David Cameron keeps his tongue firmly inserted in Obama's are, it's good to know somebody is in touch with reality....