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

资深译员Michael，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与商业地产租赁有关的法律文件。