The Characteristics of a Spendthrift Trust Include Which of the Following

question 63

Multiple Choice

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

• A)Spendthrift provisions are not valid in most states.
• B)Creditors can never seize money 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 the above.

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Definitions:

Low-density Polyethylene

A type of polyethylene plastic characterized by its long branching chains, resulting in less dense and more flexible materials.

Poly(vinyl Alcohol)

A synthetic polymer obtained by the hydrolysis of polyvinyl acetate, widely used in textile and papermaking.

Polymerized

Describes a chemical process in which monomers are chemically bonded to form a polymer, a long molecule consisting of repeating units.

Initiator

A substance that starts a chemical reaction, leading to a significant change or the formation of new substances.