Definitions for "Spendthrift Provision"
a limitation of the beneficiaries' rights to income and principal from the trust that prevents them from transferring, assigning or selling their interests to anyone, voluntarily or involuntarily
a provision in a trust that the interest of the beneficiary in the income or in the principal or in both may not
Spendthrift provision means a term of a trust that restrains both voluntary and involuntary transfer of a beneficiary's interest by the beneficiary.
Keywords:  spin, off
Spin Off