MLchartDataset catalogue

Beach bum trust provision

Term · Law · MLC-T-LAW-000689

A clause in a trust document designed to prevent a beneficiary from squandering their inheritance by requiring them to meet certain conditions, such as maintaining employment or achieving educational milestones, before receiving distributions. This provision aims to encourage responsible behavior and financial stability. It is a type of incentive trust provision.

Table 1. Record
IdentifierMLC-T-LAW-000689
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000689",
  "term": "Beach bum trust provision",
  "field": "Law",
  "definition": "A clause in a trust document designed to prevent a beneficiary from squandering their inheritance by requiring them to meet certain conditions, such as maintaining employment or achieving educational milestones, before receiving distributions. This provision aims to encourage responsible behavior and financial stability. It is a type of incentive trust provision.",
  "url": "https://mlchart.com/terminology/law/beach-bum-trust-provision/"
}

Record 487 of 5,441 in Law terminology (MLC-0107). Request the full dataset.