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ESTATE & SUCCESSION PLANNING CORNER—Spendthrift Trusts: Much Ado About (Almost) Nothing, Or Is It?

ESTATE & SUCCESSION PLANNING CORNER
Tax & Accounting US, CCH Research & Learning Wolters Kluwer

Creating Creditor Protection Trusts Must Extend Beyond The Spendthrift Provision

In discussing the creditor protection of trusts, practitioners almost always focus first on whether the trust has a spendthrift provision and the protections afforded by the spendthrift provision. In our opinion, this is much like focusing on whether your car has a “Police Up Ahead Alerter” when in fact your car cannot go greater than 30 mph.

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