MLchartDataset catalogue

Support trust

Term · Law · MLC-T-LAW-004788

A type of trust established to provide for the maintenance, education, or medical care of a beneficiary. The trustee has discretion over the distribution of income and principal, but only for the specific support needs outlined in the trust instrument. Creditors of the beneficiary cannot compel distributions from a support trust, as the beneficiary does not have an absolute right to the funds.

Table 1. Record
IdentifierMLC-T-LAW-004788
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004788",
  "term": "Support trust",
  "field": "Law",
  "definition": "A type of trust established to provide for the maintenance, education, or medical care of a beneficiary. The trustee has discretion over the distribution of income and principal, but only for the specific support needs outlined in the trust instrument. Creditors of the beneficiary cannot compel distributions from a support trust, as the beneficiary does not have an absolute right to the funds.",
  "url": "https://mlchart.com/terminology/law/support-trust/"
}

Record 4,889 of 5,445 in Law terminology (MLC-0107). Request the full dataset.