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has gloss | (noun) a trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence spendthrift trust |
has gloss | eng: A spendthrift trust is a trust that is created for the benefit of a person (often because he or she is unable to control spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary generally cannot reach the funds in the trust, and the funds are not actually under the control of the beneficiary. |
lexicalization | eng: spendthrift trust |
subclass of | (noun) something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father" trust |
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similar | e/Spendthrift trust |
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