beach bum trust provision

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Beach bum trust provisions are inserted into trusts by trustors in order to encourage the beneficiaries to hold a job. They can be created in many ways, but overall, the beneficiary must do something to receive all or part of their share of the trust. For example, the trust may only give the beneficiary x amount of dollars for every dollar the beneficiary makes themself, or the beneficiary may not receive a portion of the trust unless the beneficiary acquires a certain job or college degree. 

[Last updated in November of 2021 by the Wex Definitions Team]