A beneficiary or beneficiaries who receive the assets held in the trust However, spendthrift trusts operate a bit differently than other trusts. How does a spendthrift trust work? A spendthrift trust includes what’s called a spendthrift clause or spendthrift provision. This caveat permanently designat...
Twitter Google Share on Facebook spendthrift clause Dictionary Thesaurus Related to spendthrift clause:spendthrift trust n. a provision in a trust or will that states that if a prospective beneficiary has pledged to turn over a gift he/she hopes to receive to a third party, the trustee or exec...