Spendthrift provision definition

Spendthrift provision means a term of a trust that restrains both voluntary and involuntary transfer of a beneficiary's interest.
Spendthrift provision means a term of a trust which restrains both voluntary and involuntary transfer of a beneficiary's interest.
Spendthrift provision means a term of a trust which restrains both voluntary and involuntary transfer of a beneficiary’s interest.

Examples of Spendthrift provision in a sentence

  • SPENDTHRIFT PROVISION Except as otherwise provided in this contract (or in any supplementary contract issued in exchange for it), an Annuitant or Beneficiary may not commute, anticipate, assign or otherwise encumber any amounts to be paid in settlement of this contract.

  • SPENDTHRIFT PROVISION Except as otherwise provided in this contract (or in any supplementary contract issued in exchange for it), neither an Owner nor the Beneficiary may commute, anticipate, assign or otherwise encumber any amounts to be paid in settlement of this contract.

  • SPENDTHRIFT PROVISION AND DISTRIBUTIONS PURSUANT TO QUALIFIED DOMESTIC RELATIONS ORDERS .

  • SPENDTHRIFT PROVISION If we receive at our Home Office written request by the Owner for this Spendthrift Provision, then, to the extent allowed by law and by this policy; 1.

  • SPENDTHRIFT PROVISION AND DISTRIBUTIONS PURSUANT TO QUALIFIED DOMESTIC RELATIONS ORDERS 18.01 GENERAL SPENDTHRIFT RULE.


More Definitions of Spendthrift provision

Spendthrift provision means that term as defined in section 7103 of the estates and protected individuals code, 1998 PA 386, MCL 700.7103.
Spendthrift provision means a term of a trust that restrains either the voluntary or involuntary transfer of a trust beneficiary's interest.
Spendthrift provision means a term of a trust which restrains
Spendthrift provision means a term of a trust that
Spendthrift provision means a term of a trust which
Spendthrift provision means a term of a trust that restrains either or both of a voluntary or involuntary transfer of a beneficiary’s interest.
Spendthrift provision means a term of a trust that restrains both voluntary and involuntary transfer