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.

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词条贡献者

译员Bernardine，毕业于英国顶尖的高级翻译学院，专注翻译各种与医疗保健及生命科学有关的法律文件。