How Do Spendthrift Provisions Protect Trust Beneficiaries? - Your Civil Rights Guide Title 18-B: TRUSTS. Part 1: MAINE UNIFORM TRUST CODE. Chapter 5: CREDITOR'S CLAIMS; SPENDTHRIFT AND DISCRETIONARY TRUSTS. §503. §502. Spendthrift provision. 1
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A spendthrift trust includes what's called a spendthrift clause or spendthrift provision. This caveat permanently designates the trust itself as the sole owner Spendthrift Clause explained: Spendthrift Provision: Spendthrift Clauses in Trusts
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