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James Publishing New-Author Blog

James Publishing New-Author Blog. Protecting Beneficiaries with Spendthrift Clauses. June 5, 2009. Spendthrift clauses protect the interests of beneficiaries except the settlor from their creditors and prevent the beneficiaries from transferring their interests. If a husband and wife form a revocable trust with a spendthrift clause. During the lifetimes of both settlors, the spendthrift clause will not protect the interests of the settlors. See Prop C 112.035d. Establishing a Spendthrift Trust.

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James Publishing New-Author Blog

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James Publishing New-Author Blog. Protecting Beneficiaries with Spendthrift Clauses. June 5, 2009. Spendthrift clauses protect the interests of beneficiaries except the settlor from their creditors and prevent the beneficiaries from transferring their interests. If a husband and wife form a revocable trust with a spendthrift clause. During the lifetimes of both settlors, the spendthrift clause will not protect the interests of the settlors. See Prop C 112.035d. Establishing a Spendthrift Trust.

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The site had the following in the homepage, "Protecting Beneficiaries with Spendthrift Clauses." I noticed that the web site stated " Spendthrift clauses protect the interests of beneficiaries except the settlor from their creditors and prevent the beneficiaries from transferring their interests." They also stated " If a husband and wife form a revocable trust with a spendthrift clause. During the lifetimes of both settlors, the spendthrift clause will not protect the interests of the settlors."

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