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LSDefine

Simple English definitions for legal terms

Support Trust

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A quick definition of Support Trust:

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 more thorough explanation:

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:

  • Example 1: John creates a support trust for his daughter, Sarah. The trust directs the trustee to pay Sarah as much of the income and principal as is necessary for her education and support. If Sarah gets into financial trouble and a creditor tries to make a claim on her interest in the trust, the attachment is void if it would jeopardize Sarah's ability to receive the financial support she needs.
  • Example 2: Mary creates a support trust for her son, Tom. The trust directs the trustee to pay Tom as much of the income and principal as is necessary for his education and support. If Tom gets into financial trouble and a creditor tries to make a claim on his interest in the trust, the attachment is void if it would jeopardize Tom's ability to receive the financial support he needs.

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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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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