Multiple Choice
The characteristics of a spendthrift trust include which of the following?
A) Spendthrift provisions are not valid in most states.
B) Spendthrift trusts are created to preserve assets against trust creditors.
C) A settlor may provide,in a spendthrift trust,that the beneficiaries cannot,by assignment or otherwise,impair their rights to receive principal or income.
D) All of these.
Correct Answer:
Verified
Correct Answer:
Verified
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