The term spendthrift trust refers to a trust designed to provide for the support of a beneficiary and to protect that support against the beneficiary's contracts and transactions. What is sometimes called a self-settled spendthrift trust is one in which the trustor creates a trust in which he or she is also a beneficiary, usually with the aim of shielding property from uninvited future creditors such as judgment or bankruptcy creditors. A self-settled spendthrift trust is also called an asset protection trust.
Sentence With Irrevocable
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A deed done is irrevocable, and its result coinciding in time with the actions of millions of other men assumes an historic significance. The French company receives irrevocable commitments from over 50 per cent of shareholders.It may well be worth waiting for better times before making any irrevocable commitment. He said the decision was irrevocable. As one explained over a century ago: "An executive may grant a pardon, for good reasons or bad, or for any reason at all, and his act is final and irrevocable." A) The irrevocable answer was that we would never find the items that we had lost. B) What was most irrevocable was the way in which he glanced at the bill. You can use it to refer to decisions or agreements that cannot be changed. For example, "The contract was signed, making it final and irrevocable. How To Use Irrevocably In A Sentence.