When the person creating a trust has concerns about the spending habits of a beneficiary of that trust, a “spendthrift trust” may be created that provides an independent trustee with full authority to make decisions about how the trust’s funds may be spent. The terms of the trust, which can be wide-ranging in possibilities, place the trustee in control of the trust property and of any benefit the beneficiary receives. The grantor must consider how much control to give to the trustee and describe the trustee’s power in detail. The grantor must also decide how and when the trust will end, the status of the trust principal, if the beneficiaries’ circumstances change, and if special payouts are to be allowed. Not only can these provisions control the beneficiaries’ access to the fund but they can protect the funds from creditors of the beneficiary. To learn more, please call the Pruitt Law Offices at 262-633-8301. Our office is located at 731 Main St. in Racine. We are your partners for professional service.