Self-settled trust

{
  "id": "MLC-T-LAW-004475",
  "term": "Self-settled trust",
  "field": "Law",
  "definition": "A trust in which the person who creates and funds it is also a beneficiary. Under the general rule in most states, reflected in the Uniform Trust Code, creditors of the settlor can reach the most the trustee could distribute to the settlor. A minority of states, including Alaska, Delaware, and Nevada, authorize domestic asset protection trusts that shield assets from the settlor's later creditors, subject to fraudulent transfer rules.",
  "url": "https://mlchart.com/terminology/law/self-settled-trust/"
}