Which clause protects proceeds from creditors of the beneficiary?

1 answer:

8 0

The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also, it prevents the beneficiary's reckless spending of benefits.

You might be interested in

Sheridan Company includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. T

Gnesinka [82]

Answer:

Note: The options attached belongs to another question, so the answer is not included

Premium liability at December 31, 2020 = ((510,000*60%) - $130,000) / 8*3

Premium liability at December 31, 2020 = 176,000 / 24

Premium liability at December 31, 2020 = 7,333.33

Premium liability at December 31, 2021 = 7333.33 + ((600000*60%) - 150000) / 8*3

Premium liability at December 31, 2021 = 7333.33 + 360,000 - 150,000

Premium liability at December 31, 2021 = 217,333.33

4 0

2 years ago

Payment received in advance for services is a/an

Mashcka [7]

1 - unearned revenue
2 - prepaid expense

8 0

1 year ago

If actions of the chinese government caused a shortage of domestic currency, then the exchange rate would be

irinina [24]

this will reduce the supply of china's domestic currency which would contract the supply curve of the domestic currency (of china) thus would create demand and thus increasing the exchange rate in comparison to foreign currencies thus leading to appreciation of china's domestic currency in relation to foreign currencies.

4 0

3 years ago

Companies can run the same marketing communications programs as used in the home market or change them for each local market, a

nlexa [21]

Answer: "communication adaptation" .
________________________________________

7 0

3 years ago

The accounting equation can be expressed as

mestny [16]

Answer:

D. assets - liabilities = shareholders' equity

Explanation:

The balance sheet paint the picture of the real accounting equation.

Shareholders' equity + Liability = Asset

That is, Asset - Liability = Shareholders' equity

7 0

3 years ago