Hull Street Law

A division of Thomas H. Roberts & Associates, P.C. – personal injury and criminal defense

spendthrift trust

Can I protect my assets from creditors and retain the right to benefit from them during my life?

Generally, assets in a “spendthrift” trust are protected from the creditors of the beneficiaries of the trust and cannot be alienated (given away or sold) by the beneficiaries. The creation of spendthrift trusts has been made simpler for beneficiaries other than the creator of the trust (called the settlor) under Virginia Code § 64.2-743. If […]

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