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.
CAN YOU FEEL THE WEAL WITH THIS WORD OF THE DAY QUIZ?
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Question 1 of 7
Also called sheltering trust.
Words nearby spendthrift trust
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020