What is another word for spendthrift trust?
Pronunciation: [spˈɛndθɹɪft tɹˈʌst] (IPA) 
A spendthrift trust is a legal arrangement meant to protect the assets of a beneficiary from being squandered or taken by creditors. However, there are different synonyms for the term that can help broaden their understanding of the concept. For instance, a trust that limits the beneficiary's spending can be referred to as a restrictive trust, while a trust meant to preserve the assets for future generations is an accumulative trust. Similarly, a trust that restricts the use of funds to specific needs or purposes can be called a purpose trust. Other synonyms for spendthrift trust include protective trust, asset protection trust, and wealth maintenance trust.
