A trust may be used to protect a spendthrift child against his or her own folly and against possible exploitation by others.

Name: A trust may be used to protect a spendthrift child against his or her own folly and against possible exploitation by others.
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Question

A trust may be used to protect a spendthrift child against his or her own folly and against possible exploitation by others.​

Quizplus · Accepted Answer

A trust can be specifically designed with spendthrift provisions to control the distribution of assets, thereby protecting the beneficiary from their own poor financial decisions and from creditors or others who might seek to exploit them.

A Trust May Be Used to Protect a Spendthrift Child