Explore the legal terms and concepts related to Transfer of Interests. Click on any term below to learn more about its definition and applications.
Are discretionary trusts involuntarily alienable?
So long as the trustee makes no payments, there is nothing for a creditor to attach. Once the truste...
Are discretionary trusts voluntarily alienable?
Interests in a discretionary trust are alienable only insofar as the beneficiary ever receives anyth...
Are support trusts involuntarily alienable?
Generally, creditors cannot attach the beneficiary's right to future payments, with an exception tha...
What is a support trust
In a support trust, a trustee is required to use only so much of the income or principal as is neces...
What is a self-settled spendthrift trust and how do most jurisdictions deal with them?
A self-settled spendthrift trust is when the person who creates the trust is also the sole beneficia...
Are spendthrift trusts involuntarily alienable?
Generally, creditors cannot attach the beneficiary's right to future payments, with an exception tha...
What is a spendthrift trust?
A spendthrift trust is a trust that is created for the benefit of a person (often unable to control...
What is a discretionary trust?
In a discretionary trust, the trustee is given sole and absolute discretion to determine how much to...
Are support trusts voluntarily alienable?
No. Interests in a support trust are not freely alienable.
Are spendthrift trusts voluntarily alienable?
Generally, a beneficiary cannot transfer their spendthrift trust to another, but some courts recogni...
