spendthrift trust

noun

, Law.

1. a trust that provides a fund for a beneficiary, as a minor, with the title vested so that the fund or its income cannot be claimed by others, as creditors of the beneficiary.

Example Sentences

Answer: Yes, you can create a spendthrift trust and name it as the beneficiary of your IRAs.

From Los Angeles Times

A spendthrift trust is not a do-it-yourself project.

From Los Angeles Times

Bobbi Kristina was fabulously wealthy for a teenager, but her money was in a spendthrift trust, designed to keep creditors and predators from taking advantage of people who can't manage their money.

From US News

A spendthrift trust would not only prevent your kids from blowing through any money left in the IRAs.

From Los Angeles Times

Answer: A spendthrift trust can keep your son from frittering away his inheritance.

From Los Angeles Times