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Spendthrift Provisions
Clauses in trust agreements that prevent beneficiaries from squandering their inheritances or creditors from claiming the trust assets.
Trust Corpus
The principal amount or assets held in trust, as differentiated from the income generated by those assets.
Consideration
Something of value exchanged by parties in a contract that induces them to enter into the agreement.
Trustee
A legal entity or person appointed to manage and administer property or assets for the benefit of a third party.
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