Protecting Your Beneficiaries from Creditors
When establishing your trust, you may want to protect your beneficiaries from their creditors. For example, you may be concerned that after you die your beneficiary will assign their interest in the trust to someone else; or a creditor may try to levy your beneficiaries’ interest in the trust. To protect your beneficiaries, you can establish three different types of trusts: Spendthrift Trust; Support Trust; or Discretionary Trust.