spendthrift trust

• Structure fiduciaire destinée à protéger les actifs du bénéficiaire contre ses créanciers en limitant sa capacité à vendre, céder ou hypothéquer sa part dans la fiducie.

A legal trust arrangement designed to protect a beneficiary's assets from creditors by restricting the beneficiary's ability to sell, transfer, or pledge their interest in the trust.

1. Protective trust arrangementC2formal

   A trust designed to protect a beneficiary's assets from their own poor financial decisions or from creditors, by limiting their access to the principal.

   fiducie anti-dilapidation

   • The wealthy family set up a spendthrift trust to ensure their son could not waste his inheritance.
   • A spendthrift trust prevents creditors from seizing the trust assets to pay the beneficiary's debts.
   • The terms of the spendthrift trust allowed the beneficiary to receive only the income, not the principal.