What Does Spendthrift Trust Clause Mean?

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What does Spendthrift Trust Clause mean? Read on to discover the definition & meaning of the term Spendthrift Trust Clause - to help you better understand the language used in insurance policies.

Spendthrift Trust Clause

Spendthrift Trust Clause

A spendthrift trust clause is a provision in a trust that prevents a beneficiary from promising a third party (usually a creditor) payment from any amount that they will receive from the trust in the future.

We hope the you have a better understanding of the meaning of Spendthrift Trust Clause.

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