The 'Lectric Law Library's Lexicon On
* Spendthrift *

SPENDTHRIFT - Someone who is not to be trusted with large sums of money. Most trusts contain a clause preventing the beneficiaries from assigning their trust interest, or creditors from seizing the funds from the trust for their foolish debts.

A person who by excessive drinking, gaming, idleness or debauchery of any kind, shall so spend, waste, or lessen his estate as to expose himself or his family to want or suffering, or expose the town to charge or expense, for support of himself or family.
   --b--

Need a Lawyer? Check Out The 'Lectric Law Library's Searchable Attorney Directory
& our Searchable Expert Witness Directory

Back To The Letter * S *

  The Lexicon's Lyceum Other Letters' Terms & Important Info.
  The Reference Room Dozens Of Legal Topic Areas
  The Rotunda Our Central Hub, Directory & Index

Search by
	Web Search Search the Library

Court, Business and Personal Forms for all Situations and Locations

(This should open a new window. Close it when you're done and you may be back here.)