Trusts can be set up so that a beneficiary's interest cannot be reached by his creditors in many situations. Such trusts are called spendthrift trusts.

Name: Trusts can be set up so that a beneficiary's interest cannot be reached by his creditors in many situations. Such trusts are called spendthrift trusts.
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Question

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Spendthrift trusts provide protection for beneficiaries from their creditors, making it difficult for them to access the funds or assets held in the trust.

Trusts Can Be Set Up So That a Beneficiary's Interest