Attention: open in a new window. PrintE-mail


New York City Wills, Trusts and Estate Planning Lawyers. Looking for an experienced, prescreened Wills, Trusts and Estate Planning lawyer?



Spendthrift Trust

A spendthrift trust is an express trust, and all the requirements for creating a valid trust in New York apply. The distinguishing characteristic of a spendthrift trust is that it prohibits the beneficiary from assigning present or future income from the trust, or from selling his rights to the principal to creditors. New York law generally presumes that all trusts are spendthrift trusts, so special language is not necessary to create one, though creators of trust often state that their intent is to create a spendthrift trust.

What are the benefits of a spendthrift trust?

Can I establish a spendthrift trust and make myself beneficiary to avoid creditors?

Are there exceptions to the rule that creditors cannot gain access to the trust assets?

I would like to establish a specific spendthrift trust:

During our regular business hours, if you would like an LRS Attorney Counselor to call you, please enter your number below:

lrs soc