Beach bum trust provision: Difference between revisions
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{{Wills, trusts, estates}} |
{{Wills, trusts, estates}} |
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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 reaps nothing from the trust. |
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{{DEFAULTSORT:Beach Bum Trust Provision}} |
{{DEFAULTSORT:Beach Bum Trust Provision}} |
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Revision as of 01:47, 12 September 2015
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| Wills, trusts and estates |
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| Part of the common law series |
| Wills |
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Sections Property disposition |
| Trusts |
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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.
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