What Is a Spendthrift Trust and How Does It Work in Florida?
A spendthrift trust is one of the most effective tools Florida families use to protect inherited wealth from creditors, lawsuits, and a beneficiary’s financial missteps. Under the Florida Trust Code (Chapter 736 of the Florida Statutes), a spendthrift provision restrains both voluntary and involuntary transfers of a beneficiary’s trust interest. This means assets in a […]