The Characteristics of a Spendthrift Trust Include Which of the Following

question 2

Multiple Choice

The characteristics of a spendthrift trust include which of the following?

• A) Spendthrift provisions are not valid in most states.
• B) Trust creditors can never seize income from a spendthrift trust.
• C) A settlor may provide, in a spendthrift trust, that the beneficiary cannot, by assignment or otherwise, impair her rights to receive principal or income.
• D) All of these.

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Definitions:

Care

The provision of what is necessary for the health, welfare, maintenance, and protection of someone or something.

Elderly parents

Older adults who have raised children and are in the later stages of their life.

Elder activism

Involvement of older individuals in advocacy and campaigns for social, environmental, or political change, leveraging their experience and perspective.

Lesbian couple

Two women in a romantic and sexual relationship with each other, typically sharing a long-term partnership or marriage.