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.

“Arthur” asked one of the most frequent questions I hear from readers about one of the biggest frustrations in estate planning: “Is there some way to prevent a financially irresponsible child from ...

“Arthur” asked one of the most frequent questions I hear from readers about one of the biggest frustrations in estate planning: “Is there some way to prevent a financially irresponsible child from ...

The ultra-rich can save millions on taxes using trusts, but they have another advantage. Parents can set up trusts for their children to protect assets from ex-spouses and creditors. Four lawyers to ...

Generally, the beneficiary of a trust may voluntarily assign his right to the principal or income from the trust to another person. Similarly, those rights are subject to the claims of his creditors.

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 ...

In Scheffel v. Krueger,2 decided by the New Hampshire Supreme Court on July 26, 2001, the mother of a minor boy who was sexually assaulted by a trust’s beneficiary sought to attach the beneficiary’s ...