Beach bum trust provision: Difference between revisions
Content deleted Content added
Removing backlinks to Beach bum because "Deleted per AFD"; using TW |
No edit summary |
||
| Line 1: | Line 1: | ||
{{Unreferenced stub|auto=yes|date=December 2009}} |
{{Unreferenced stub|auto=yes|date=December 2009}} |
||
{{Wills, trusts, estates}} |
{{Wills, trusts, estates}} |
||
A '''beach bum trust provision''', in the [[law]] of [[Trust (property)|trusts]], ties the ability of a [[beneficiary (trust)|trust beneficiary]] to take from the trust to the beneficiary's own earnings. Such a provision serves to prevent a beneficiary from lazily living off the trust funds (i.e. a "beach bum"). If the beneficiary earns no income, then he reaps nothing from the trust. |
A '''beach bum trust provision''', in the [[law]] of [[Trust (property)|trusts]], ties the ability of a [[beneficiary (trust)|trust beneficiary]] to take from the trust to the beneficiary's own earnings. Such a provision serves to prevent a beneficiary from lazily living off the trust funds (i.e. a "beach bum"). If the beneficiary earns no income, then he or she reaps nothing from the trust. |
||
{{DEFAULTSORT:Beach Bum Trust Provision}} |
{{DEFAULTSORT:Beach Bum Trust Provision}} |
||
Revision as of 01:47, 12 September 2015
 |
| Wills, trusts and estates |
|---|
 |
| Part of the common law series |
| Wills |
|
Sections Property disposition |
| Trusts |
|
Common types Other types
Governing doctrines |
| Estate administration |
| Related topics |
| Other common law areas |
A beach bum trust provision, in the law of trusts, ties the ability of a trust beneficiary to take from the trust to the beneficiary's own earnings. Such a provision serves to prevent a beneficiary from lazily living off the trust funds (i.e. a "beach bum"). If the beneficiary earns no income, then he or she reaps nothing from the trust.
 | This legal term article is a stub. You can help Wikipedia by expanding it. |