spendthrift trust การใช้

• They are spendthrift trusts whose principal cannot be tapped without permission from the trustees.
• A spendthrift trust is an example of an arrangement containing an anti-alienation provision.
• The protection of the spendthrift trust extends solely to the property that is in the trust.
• Most jurisdictions also permit the invasion of spendthrift trust assets to satisfy awards of child support and alimony.
• The Bahamas do not recognize self-settled spendthrift trusts, unlike the Cook Islands, Nevis, or Belize.
• Title 11 has specific carve-outs for spendthrift trusts of various sorts, as well as private retirement accounts for individuals.
• Now, most pension plans have the same protection as an ERISA anti-alienation clause giving these pensions the same protection as a spendthrift trust.
• Nevada has enacted a series of statutes, codified at Chapter 166 of the Nevada Revised Statutes, that specifically enable the creation of self-settled spendthrift trusts.
• :: ( c ) A trust containing terms authorized under Subsection ( a ) or ( b ) of this section may be referred to as a spendthrift trust.
• For this reason, having an ERISA anti-alienation clause was protective of pensions before the bankruptcy law revisions, giving those pensions the same protection as a spendthrift trust.
• In each case, prosecutors say, the statement was materially false, because Symington had failed to disclose that the securities " were held in four irrevocable spendthrift trusts ."
• Such trusts are also called Domestic Asset Protection Trusts ( " DAPT " ), and sometimes informally called " Alaska trusts ", as Alaska was a pioneer in allowing this kind of spendthrift trust.
• However, several states have changed their laws to provide that a person may create a self-settled spendthrift trust ( i . e ., a spendthrift trust for his or her own benefit ).
• However, several states have changed their laws to provide that a person may create a self-settled spendthrift trust ( i . e ., a spendthrift trust for his or her own benefit ).
• The lawsuit says the securities were, in fact, not readily marketable " and were not even owned by Symington, " but were owned by a spendthrift trust that was inaccessible to pay off creditors.
• Symington also listed owning as much as $ 1 million in " readily marketable securities, " even though, according to prosecutors, they were held in irrevocable spendthrift trusts whose assets could not be pledged.
• The law goes on to require that the statutes be applied to the enforcement by any other state of any spendthrift trust created within Nevada, so long as the law is not in direct conflict with the other adjudicating state.
• :: ( b ) A declaration in a trust instrument that the interest of a beneficiary shall be held subject to a " spendthrift trust " is sufficient to restrain voluntary or involuntary alienation of the interest by a beneficiary to the maximum extent permitted by this subtitle.
• He is perhaps most well known in America from the leading case of " Hamilton v . Drogo ", 150 N . E . 496 ( N . Y . 1926 ), which concerned the establishment of a spendthrift trust for the benefit of the young Duke.
• A trust generally will not be treated as a spendthrift trust unless the trust agreement contains language showing that the creator intended the trust to qualify as spendthrift . This is what is known as a "'spendthrift clause "'or "'spendthrift provision " '.