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Spendthrift trust
Spendthrift trustA trust set up for the benefit of someone who the grantor believes would be incapable of managing his or her own financial affairs. RELATED TERMS-------------------------------------- Trust Contracts, devises. An equitable right, title or interest in property, real or personal, distinct from its legal ownership; or it is a personal obligation for paying, delivering or performing anything, where the person trusting has no real. right or security, for by, that act he confides altogether to the faithfulness of those intrusted. This is its most general meaning, and includes deposits, bailments, and the like. In its more technical sense, it may be defined to be an obligation upon a person, arising out of a confidence reposed in him, to apply property faithfully, and according to such confidence. Benefit This word is used in the same sense as gain and profits. Grantor He by whom a grant is made. SIMILAR TERMS-------------------------------------- Spendthrift Spendthrift is defined to be a person who by excessive drinking) gaming, idleness or debauchery of any kind, shall so spend, waste, or lessen his estate as to expose himself or his family to want or suffering, or expose the town to charge or expense, for support of himself or family. PREVIOUS AND NEXT TERMS-------------------------------------- Specimen A sample; a part of something by which the other may be known. Speculation Contracts. The hope or desire of making a profit by the purchase and resale of a thing. The profit so made; as, be made a good speculation. Speech A formal discourse in public. Spelling The art of putting the proper letters in words. Spendthrift Spendthrift is defined to be a person who by excessive drinking) gaming, idleness or debauchery of any kind, shall so spend, waste, or lessen his estate as to expose himself or his family to want or suffering, or expose the town to charge or expense, for support of himself or family. Spendthrift trust Sperate That of which there is hope. Spes recuperandi The hope of recovery. This term is applied to cases of capture of an enemy's property as a booty or prize. As between the belligerent parties, the title to the property taken as a prize passes the moment there is no longer any hope of recovery. Spinster An addition given, in legal writings, to a woman who never was married. Split custody A form of custody in which the actual time of physical custody is split between both parents, which gives both parents the right to make decisions. Splitting a cause of action The bringing an action for only a part of the cause of action. This is not permitted either at law nor in equity. We thank you for using the Juridical Dictionary to search for Spendthrift trust. If you have a better definition for Spendthrift trust than the one presented here, please let us know by making use of the suggest a term option. This definition of Spendthrift trust may be disputed by other professionals. Our attempt is to provide easy definitions on Spendthrift trust and any other medical topic for the public at large.
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