protective trust

protective trust
Similar to a spendthrift trust, the indenture of trust protecting against alienation and liability for debts of the beneficiary by providing conditions for the termination or forfeiture of the trust estate, by giving the trustee discretion to be exercised in making disbursements to beneficiaries, or by similar devices. 54 Am J1st Trusts §§ 147, 148.

Ballentine's law dictionary. . 1998.

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