spendthrift trust

noun

A trust that is created for the benefit of a person (often because that beneficiary is unable to control spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary, thus keeping the funds in the trust beyond the reach of creditors.

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

nounspendthrift trust (plural spendthrift trusts)

plural spendthrift trusts

  1. lawA trust that is created for the benefit of a person (often because that beneficiary is unable to control spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary, thus keeping the funds in the trust beyond the reach of creditors.
Cite this entry
APA

spendthrift trust. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/spendthrift%20trust

MLA

“spendthrift trust.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/spendthrift%20trust. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “spendthrift trust,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/spendthrift%20trust.

Source: spendthrift trust on Wiktionary, CC BY-SA 4.0.