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Meaning of SPENDTHRIFT TRUST

Pronunciation:  'spend`thrift trust

WordNet Dictionary
 
 Definition: [n]  a trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence
 
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 See Also: trust

 

 

Legal Dictionary
 
 Definition: A trust set up for the benefit of someone who the grantor believes would be incapable of managing his or her own financial affairs.
 
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