A settlor must intend to create a spendthrift trust, and, as such, the trust must contain a spendthrift clause that restrains both voluntary and involuntary alienation. 1 A provision as simple as ...

Financial advisors and tax professionals seeking to help clients protect trust assets in the event of divorce, lawsuits or an extravagant heir should know the basics of a spendthrift clause.

Much of the estate planning process is engaged with protecting vulnerable persons from negative outside influences. We name guardians to take care of minor children, utilize Powers of Attorney to ...

As we prepare for the Halloween season, there are many reasons to be on edge. These fears may involve ghosts and goblins for some, while others may view estate planning as frightening. Although I have ...

The trust spendthrift clause has been an important line of defense providing asset protection for third-party discretionary irrevocable trusts. Generally, the spendthrift clause prevents the ...

You may want to take care of your children in your will but suspect that they would blow through their inheritance in just a few years. That’s when a spendthrift trust comes in handy. Also called a ...