One which provides a fund for benefit of another than settlor, seures it against beneficiary’s own improvidence, and places it beyond his creditors’ reach. A trust set p to protect a beneficiary from spending all of the money that he is entitled to.
LAW OFFICES OF JOSEPH P. FOLEY
Estate Planning, Probate, and Conservatorships
One which provides a fund for benefit of another than settlor, seures it against beneficiary’s own improvidence, and places it beyond his creditors’ reach. A trust set p to protect a beneficiary from spending all of the money that he is entitled to.