Simple English definitions for legal terms
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A support trust is a special kind of trust that helps someone pay for things they need, like school or food. The person who gets the money from the trust can't be forced to use it to pay off debts, as long as they use it for what the trust was made for. If someone tries to take the money away to pay a debt, they can't do it if it would hurt the person who needs the money.
A support trust is a type of trust that is created to provide financial support to a beneficiary. The trust contains a provision that directs the trustee to pay the beneficiary as much of the income and principal as is necessary for their education and support.
One important feature of a support trust is that the beneficiary's interest is protected from creditors to the extent necessary to support the "support" purpose of the trust. This means that if a creditor tries to make a claim on the beneficiary's interest in the trust, the attachment is void if it would jeopardize the support function of the trust.
Here are some examples of how a support trust might work:
In both examples, the support trust is created to provide financial support to a beneficiary (Sarah or Tom) for their education and support. The trust contains a provision that directs the trustee to pay the beneficiary as much of the income and principal as is necessary for their needs. If a creditor tries to make a claim on the beneficiary's interest in the trust, the attachment is void if it would jeopardize the beneficiary's ability to receive the financial support they need.
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