A #spendthrift #trust is one type of estate planning tool that should be considered when your looking to protect you’re money from creditors, avoid probate and make sure the beneficiaries don’t receive the transferable assets as one lump sum after death of the grantor. The spendthrift trust ultimately limits the assets available to the beneficiary and protects the rest of the assets still in the trust from creditors. The trust retains most of its assets, depending on how it is structured, for an extended period of time.
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What is a Spendthrift Trust? | Learn About Law
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