spendthrift clause

Definition of "spendthrift clause"
  1. A rule in a trust that stops a beneficiary from giving their rights to future income or capital from the trust to someone else, safeguarding the inheritance from wasteful spending and creditors
How to use "spendthrift clause" in a sentence
  1. To ensure his inheritance isn't wasted, his father included a spendthrift clause in the trust.
  2. Her trust contains a spendthrift clause protecting her assets from creditors.
  3. A spendthrift clause in a family trust secures the beneficiaries from squandering their inherited wealth.

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