Beach bum trust provision
A beach bum trust provision, in the law of trusts, ties the ability of a trust beneficiary to take from the trust to the beneficiary's own earnings.[1]
| Wills, trusts and estates |
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| Part of the common law series |
| Wills |
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Sections Property disposition
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| Trusts |
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Common types Other types
Governing doctrines |
| Estate administration |
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| Other common law areas |
Background
Such a provision serves to prevent a beneficiary from lazily living off the trust funds (i.e. a "beach bum"). If the beneficiary earns no income, then he or she reaps nothing from the trust.[2][3]
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References
- Hill, Gerald N.; Hill, Kathleen (2009). Nolo's Plain-English Law Dictionary. p. 43.
- "beach bum trust provision". Legal Information Institute. 2010-08-19.
- "Beach Bum Trust Provision Law and Legal Definition". USLegal. airSlate Legal Forms, Inc.
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