Financial advisors and tax professionals seeking to help clients protect trust assets in the event of divorce, lawsuits or an extravagant heir should know the basics of a spendthrift clause.
You may want to take care of your children in your will but suspect that they would blow through their inheritance in just a few years. That’s when a spendthrift trust comes in handy. Also called a ...
Home Retirement Estate Planning How Does a Spendthrift Trust Differ from an Asset Protection Trust? Spendthrift trusts include similar protections to an asset protection trust and are more widely ...
In Scheffel v. Krueger,2 decided by the New Hampshire Supreme Court on July 26, 2001, the mother of a minor boy who was sexually assaulted by a trust’s beneficiary sought to attach the beneficiary’s ...