Beach bum trust provision
Wills, trusts and estates |
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Wills |
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Trusts |
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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.[1][2]
References
- ↑ Anonymous (19 August 2010). "beach bum trust provision". LII / Legal Information Institute.
- ↑ Inc., US Legal,. "Beach Bum Trust Provision Law and Legal Definition - USLegal, Inc". definitions.uslegal.com.
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