spendthrift provision 【经】 节俭条款 in trust 托管的,代保管的 trust for 给 trust with v. 委托,托付,存放 trust in v.托付,信任,相信 trust on vt.信赖,依靠 on trust 信任地,深信不疑地;凭信用,赊欠 trust to 信赖,依靠… take on trust 轻易相信 相似...
Iowa alleged that the Trust Code was silent as to a necessity exception to the spendthrift clause. The Supreme Court of Iowa holdS that a spendthrift provision in a discretionary support trust does not prevent the Medicaid agency from recouping medical expenses from the trust corpus upon the ...
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A spendthrift trust includes what’s called a spendthrift clause or spendthrift provision. This caveat permanently designates the trust itself as the sole owner of the assets held within it, rather than transferring ownership to your beneficiary upon your passing. The beneficiary will still receive th...
Spendthrift trustmeans a trust that issubject toa provision that restrains both voluntary and involuntarytransfer of abeneficiary’s interest. Sample 1 Examples ofSpendthrift trustin a sentence A number of factors contribute to this; namely, migratory status, being economically and/or academically disad...
Iowa alleged that the Trust Code was silent as to a necessity exception to the spendthrift clause. The Supreme Court of Iowa holdS that a spendthrift provision in a discretionary support trust does not prevent the Medicaid agency from recouping medical expenses from the trust corpus upon the ...
Most states have laws expressly invalidating self-settled spendthrift trust provisions. Asset protection planning with limited liability companies For example, section 12(4) of the Belize Trust Act of 1992 provides that "[a]ny rule of law or public policy which prevents a settlor from establishing...
tort claims against the beneficiary as well as claims by a state or the United States, such as for Income Tax, are not subject to spendthrift provisions.In some states, when a beneficiary and spouse are divorced and the spouse has been awarded Alimony, the trustee of the trust cannot be ...
Spendthrift trusts limit a beneficiary’s access to the trust’s assets or funds. They can be beneficial for beneficiaries who may not be able to properly manage money or property yet. Special needs trusts Special needs trusts can be set up to provide financial support to individuals with dis...