spendthrift trusts

A form of spendthrift trust — 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.

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Meanings

noun
  1. pluralplural of spendthrift trust
Cite this entry
APA

spendthrift trusts. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/spendthrift%20trusts

MLA

“spendthrift trusts.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/spendthrift%20trusts. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “spendthrift trusts,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/spendthrift%20trusts.

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