Trusts Where The Beneficiary Is Also The Creator
A trust created by an individual for his or her own benefit is sometimes called a "self-settled trust", and may be a kind of asset-protection trust. If the creator of a self-settled trust is also a beneficiary of the trust, a particular problem in the context of protection of creditors and prevention of fraud is presented: the danger that the creator of the trust is trying to defraud creditors.
Read more about this topic: Spendthrift Trust
Famous quotes containing the words trusts and/or creator:
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Where foxes, geese.”
—William Shakespeare (1564–1616)
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—Victor Hugo (1802–1885)
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