self destruct clause

self-destruct clause. A provision in a trust for a condition that will automatically terminate the trust. • Discretionary trusts, esp. supplemental-needs trusts, often include a self-destruct provision. For example, a trust to provide for the needs of a disabled person may terminate if the beneficiary becomes ineligible for a government-benefits program such as Medicaid.

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词条贡献者

法律翻译Jenny，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与重组与破产有关的法律文件。