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

双语律师Peter，毕业于法国一流的高级翻译学院，擅长翻译涉及基础建设领域的法律文件。