EPISODE · Feb 11, 2025 · 6 MIN
What is a Spendthrift Clause, and When Do People Use It?
from SML Planning Minute
Episode 319 - Life doesn’t necessarily get easier when you accumulate wealth. There’s always something to worry about, and at some point, if you’re lucky, your worries evolve from accumulating your wealth to protecting it. If you’re worried about future generations destroying the wealth you’ve worked to accumulate, a spendthrift clause could help ease your mind.
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What is a Spendthrift Clause, and When Do People Use It?
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