Grandparent establishes an irrevocable spendthrift trust for a grandchild.
From the thechoice.blogs.nytimes.com
Under the U.S. Bankruptcy Code, an anti-alienation provision in a spendthrift trust is recognized.
From the en.wikipedia.org
Such a trust is sometimes called a spendthrift trust.
From the en.wikipedia.org
Instead, name an irrevocable discretionary trust with spendthrift language as the beneficiary, he said.
From the foxbusiness.com
A case law doctrine developed whereby courts may generally recognize the efficacy of spendthrift clauses as against trust beneficiaries and their creditors, but not against creditors of a settlor.