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:

Positive Outcomes

Favorable results or effects achieved from a given action, strategy, or policy.

Achievable

Goals or objectives that are within reach and can be accomplished with effort and planning.

Scientific Method

A systematic approach to research where the problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested.

Low-Cost

Pertaining to something that is inexpensive or affordable, often emphasizing efficiency and economy.