Florida Trusts and Florida Beneficiaries and Trustees Guide to Spendthrift Trusts
Do you know what a spendthrift trust is? A spendthrift trust generally has a couple of provisions; it says that a trustee may not distribute money to a beneficiary’s creditors and a beneficiary may not assign their interests in the trust.
If you’re a trust beneficiary in Florida, or you’re involved in a Florida lawsuit or you’re a trustee and you’re trying to figure out what to do, consider reading the Zlatkiss case, 125 So. 3d 953; it’s a 2003 case from Florida’s Fifth District Court of Appeal that talks about spendthrift trusts and spendthrift provisions in Florida trusts.