Difference between revisions of "Support trust"

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A '''support trust''' is a trust that instructs the trustee to spend only as much [[income]] and principal (the assets held in the trust) as needed for the beneficiary's support.  
 
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[[Category:Law]]
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daddy had a donkey,
 
donkey died,
 
daddy cried,
 
Inky binky bonky.
 

Latest revision as of 20:41, June 23, 2016

A support trust is a trust that instructs the trustee to spend only as much income and principal (the assets held in the trust) as needed for the beneficiary's support.