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    ional beneficiary. Limits on money and access to the inherited estate are determined in part through the language of the trust charter, along with the judgment skill of the Trustee as fiduciary. For example, where the spendthrift trust specifically sets out a payment such as $10,000 per year to the beneficiary, howeve
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    Spendthrift trusts are rapidly becoming a key estate planning tool for families with one member who's been de-railed by the drug or alcohol culture. Look out your window, look down the street or think of the many persons in your card and contact files. How many families show at least one member who's been impacted by drug or alcohol addiction? Answer? Almost every family has that X-factor.

    Primary Purpose And Benefit Of A Spendthrift Trust.

    When a family includes a member who has lost some degree of free will and volition due to drug or alcohol addiction, or debilitating disease and accidents, and would not be considered "rational", then a spendthrift trust creates the perfect sort of "control". A disabled or mentally unfit "beneficiary" is known as the "spendthrift" and will be unable to access the family estate or assets, unless approved by the Trustee to the spendthrift trust. It is the Trustee, on behalf of the "spendthrift" who legally "controls the purse strings".

    Appointed Trustee Sets "Giving" Rules.

    Unless the spendthrift trust charter document specifically sets forth a time table condition on the Trustee, then the Trustee will act is a custodial capacity indefinitely on behalf of the dysfunctional beneficiary. Limits on money and access to the inherited estate are determined in part through the language of the trust charter, along with the judgment skill of the Trustee as fiduciary. For example, where the spendthrift trust specifically sets out a payment such as $10,000 per year to the beneficiary, however

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    drug or alcohol addiction? Answer? Almost every family has that X-factor.

    Primary Purpose And Benefit Of A Spendthrift Trust.

    When a family includes a member who has lost some degree of free will and volition due to drug or alcohol addiction, or debilitating disease and accidents, and would not be considered "rational", then a spendthrift trust creates the perfect sort of "control". A disabled or mentally unfit "beneficiary" is known as the "spendthrift" and will be unable to access the family estate or assets, unless approved by the Trustee to the spendthrift trust. It is the Trustee, on behalf of the "spendthrift" who legally "controls the purse strings".

    Appointed Trustee Sets "Giving" Rules.

    Unless the spendthrift trust charter document specifically sets forth a time table condition on the Trustee, then the Trustee will act is a custodial capacity indefinitely on behalf of the dysfunctional beneficiary. Limits on money and access to the inherited estate are determined in part through the language of the trust charter, along with the judgment skill of the Trustee as fiduciary. For example, where the spendthrift trust specifically sets out a payment such as $10,000 per year to the beneficiary, howeve

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    d not be considered "rational", then a spendthrift trust creates the perfect sort of "control". A disabled or mentally unfit "beneficiary" is known as the "spendthrift" and will be unable to access the family estate or assets, unless approved by the Trustee to the spendthrift trust. It is the Trustee, on behalf of the "spendthrift" who legally "controls the purse strings".

    Appointed Trustee Sets "Giving" Rules.

    Unless the spendthrift trust charter document specifically sets forth a time table condition on the Trustee, then the Trustee will act is a custodial capacity indefinitely on behalf of the dysfunctional beneficiary. Limits on money and access to the inherited estate are determined in part through the language of the trust charter, along with the judgment skill of the Trustee as fiduciary. For example, where the spendthrift trust specifically sets out a payment such as $10,000 per year to the beneficiary, howeve

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    "spendthrift" who legally "controls the purse strings".

    Appointed Trustee Sets "Giving" Rules.

    Unless the spendthrift trust charter document specifically sets forth a time table condition on the Trustee, then the Trustee will act is a custodial capacity indefinitely on behalf of the dysfunctional beneficiary. Limits on money and access to the inherited estate are determined in part through the language of the trust charter, along with the judgment skill of the Trustee as fiduciary. For example, where the spendthrift trust specifically sets out a payment such as $10,000 per year to the beneficiary, howeve

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    ional beneficiary. Limits on money and access to the inherited estate are determined in part through the language of the trust charter, along with the judgment skill of the Trustee as fiduciary. For example, where the spendthrift trust specifically sets out a payment such as $10,000 per year to the beneficiary, however where payments can be broken into weekly or monthly allocations, depending upon circumstance, or until the "spendthrift" demonstrates competency.

    Result?

    In the case where an estate or insurance beneficiary is brain-diseased, with a drug or alcohol or gambling addiction, the Trustee knows that any significant cash distribution will be instantly "converted" into more drugs or impulsive act, so the Trustee "puts the lid" on all but the most necessary expenses, such as rent, food and minor personal expenditures.

    Creditor Protection Via Your Spendthrift Trust.

    Real or commercial creditors, including banks stores and any other seller of services and products, dislike spendthrift trusts. Reason? A properly constructed spendthrift clause bars the creditor from any access to the trust's assets. No liens, no court ordered liquidations, no attachments or reductions in the trust's assets (corpus) and absolutely no payments of any creditor obligation can be imposed on the spendthrift trust unless and until the Trustee approves.

    Creditor Costs And Time Limits.

    Costs of litigation along with statute of limitations laws in each State further complicate the creditor pool, and they may never r

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