Jump to content

Beach bum trust provision

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 110.143.242.138 (talk) at 01:47, 12 September 2015. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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.