A support trust is a type of trust that directs the trustee to pay the beneficiary as much of the income and principal as necessary for the beneficiary’s education and support. The beneficiary’s interest in the trust is protected from creditors to the extent necessary to fulfill the trust’s support purpose. If a creditor’s claim would jeopardize the support function of the trust, the attachment is void. Unlike discretionary trusts, a support trust mandates distributions to cover the beneficiary’s basic needs and maintenance.
[Last updated in June of 2024 by the Wex Definitions Team]
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