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sheltering trust

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spendthrift trust

 
–noun Law.
a trust that provides a fund for a beneficiary, as a minor, with the title vested so that the fund or its income cannot be claimed by others, as creditors of the beneficiary.
Also called sheltering trust.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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Legal Dictionary

Main Entry: spendthrift trust
see TRUST
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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