sheltering trust.
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sheltering trust. — See spendthrift trust … Useful english dictionary
trust — Noun: A fiduciary relationship; a matter of confidence. 54 Am J1st Trusts § 4. A confidential relationship involving a trustee, beneficiary, and a res consisting in property. 54 Am J1st Trusts § 4. The legal relationship between one person having … Ballentine's law dictionary
spendthrift trust — noun a trust created to maintain a beneficiary but to be secure against the beneficiary s improvidence • Hypernyms: ↑trust * * * noun : a trust created to provide a fund for the maintenance of another and to secure it (as by withholding from him… … Useful english dictionary
spendthrift trust — Law. a trust that provides a fund for a beneficiary, as a minor, with the title vested so that the fund or its income cannot be claimed by others, as creditors of the beneficiary. Also called sheltering trust. * * * … Universalium
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