Assertion: trust's settlor | /r/HasProperty | a beneficiary of a trust
Facets:
value: to any extent
type: OTHER
Source sentences:
text: A settlor may be a beneficiary of a trust but cannot be the sole beneficiary, otherwise there would be no purpose to having the trust in the first place.
text: As long as the settlor is a beneficiary of the trust to any extent, to that extent the trust will be deemed self-settled.[citation needed]
text: The spendthrift clause has three general exceptions to the protection afforded: the self-settled trusts (if the settlor of a trust is also a beneficiary of a trust), the case when a debtor is the sole beneficiary and the sole trustee of a trust, and the support payments (a court may order the trustee to satisfy a beneficiary's support obligation to a former spouse or minor child).
text: If the settlor is also a beneficiary of the trust, a provision restraining the voluntary or involuntary transfer of his beneficial interest does not prevent his creditors from satisfying claims from his interest in the trust estate.