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Spendthrift trust

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

A term commonly applied to those trusts which are created with a view of providing a fund for the maintenance of another, and at the same time securing it against his improvidence or incapacity for his protection. Provisions against alienation of the trust fund by the voluntary act of the beneficiary or by his creditors are the usual incidents.

Bennett v. Bennett, 66 III. App. 28; Guernsey v. Lazear, 51 W. Va. 328, 41 S. E. 405.