self settled trust

A trust in which the settlor is also the person who is to receive the benefits from the trust, usu. set up in an attempt to protect the trust assets from creditors.

• In most states, such a trust will not protect trust assets from the settlor’s creditors. Restatement (Second) of Trusts § 156 (1959).

— Also termed asset-protection trust.

---

词条贡献者

法律翻译Terris，毕业于欧洲顶尖的法学院，专注翻译各类与专利上诉有关的法律文件。