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.

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Also called sheltering trust.

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Link To spendthrift trust

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Spendthrift trust is always a great word to know.

So is plea. Does it mean:

an allegation made by a party to a legal suit, in support of his or her claim or defense; a defendant's answer to a legal declaration or charge

defamation by oral utterance rather than by writing

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WordNet

spendthrift trust
noun
a trust created to maintain a beneficiary but to be secure against the beneficiary's improvidence

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