a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com - explain spendthrift provision spendthrift provision -- conditions written into a trust instrument that are designed to prevent the beneficiary from spending income from the trust extravagantly or wastefully. Spendthrift provisions limit the right of the beneficiary in disposing of his or her interest in the trust, such as by assignment, and limit the right of creditors to reach it, such as by attachment. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.