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Comprehensive Overview of Spendthrift Trusts
In Silver Lake, California, a Spendthrift Trust can be an effective tool for protecting assets and guiding how beneficiaries receive inherited funds. This guide explains the practical role of a Spendthrift Trust within local estate planning, including how it limits beneficiary control over principal and how trustees manage distributions. It covers relevant California considerations and how a well-drafted trust can help preserve family wealth while addressing common issues such as creditor claims, divorce risks, and beneficiaries with inconsistent financial habits. LA Estate Plans helps Silver Lake residents weigh these factors to design a trust aligned with their goals and family dynamics.
This page provides detailed, accessible information to help you understand whether a Spendthrift Trust makes sense for your circumstances. Topics include the legal structure of such trusts in California, the roles of grantors, trustees, and beneficiaries, and practical steps to create and fund a trust. We also discuss scenarios where a Spendthrift Trust is particularly useful and when simpler estate planning tools may be adequate. By outlining the protections and limitations of Spendthrift provisions, this guide aims to prepare you to make informed decisions and to discuss options confidently with LA Estate Plans in Silver Lake.
Why Spendthrift Trusts Are Valuable in Silver Lake
A Spendthrift Trust provides legal safeguards that can preserve assets from creditor claims and limit a beneficiary’s ability to access or pledge their interest before distribution. In Silver Lake, this structure can be particularly useful for families facing potential legal exposure, business liabilities, or financial instability among heirs. The trust’s controlled distribution terms allow grantors to tailor how and when funds are disbursed, promoting responsible use while protecting the estate’s long-term value. For many residents, these protections translate into greater confidence that their wishes will be honored and that their family will receive steady financial support over time.
About LA Estate Plans and Our Approach in Silver Lake
LA Estate Plans serves Silver Lake and the greater Los Angeles County area with focused services for wills, trusts, and probate matters. Our practice emphasizes clear communication and individualized planning, helping clients shape trust provisions that fit family needs and California law. We guide clients through trust drafting, trustee selection, and funding, and we explain how spendthrift clauses function to protect assets. Throughout the process, the goal is to ensure clients understand available options and feel confident about the trust structure chosen for their estate plan, with attention to local legal considerations and practical outcomes.
Understanding Spendthrift Trusts: Structure and Function
A Spendthrift Trust is a trust arrangement designed to prevent beneficiaries from selling, assigning, or otherwise exposing their trust interest to creditors prior to distribution. The grantor establishes the trust terms, the trustee manages the trust property, and distributions are made according to instructions that prioritize preservation. In California, drafting must reflect statutory rules and recognized exceptions so protections remain enforceable. This arrangement helps families who wish to control timing and amount of distributions, reduce exposure to creditors, and maintain assets for future needs rather than allowing a single large payout that could be dissipated quickly.
Trust administration under a Spendthrift arrangement requires thoughtful drafting and ongoing management. A trustee must balance the beneficiary’s needs with the grantor’s intent, following distribution terms and statutory duties while documenting decisions. Funding the trust by retitling assets is essential to ensure protections apply. Regular review is advisable because family dynamics and laws can change; periodic updates keep the trust aligned with current goals. LA Estate Plans assists clients in Silver Lake through consultation, drafting, funding, and periodic review to help ensure the trust functions as intended over time.
Defining a Spendthrift Trust and How It Operates
A Spendthrift Trust is a legal instrument that restricts a beneficiary’s ability to transfer or pledge their interest, thereby limiting creditor access to trust assets. The grantor creates the trust terms, which specify distribution conditions and the trustee’s powers. The trustee holds legal title to trust assets, makes distributions according to the grantor’s instructions, and manages the estate for the beneficiary’s benefit. These restrictions are intended to preserve assets, support beneficiaries over time, and guard against impulsive spending or creditor claims. Effective use of this tool requires clear drafting and proper funding of trust property.
Core Components and Administration of a Spendthrift Trust
Key elements of a Spendthrift Trust include the grantor who creates the trust, the trustee who administers it, and the beneficiary who receives distributions under specified conditions. The trust document should outline distribution criteria, trustee powers, and any restrictions on beneficiary access. Administration involves documenting asset transfers into the trust, maintaining records of distributions, and ensuring compliance with applicable California law. Trustees typically exercise discretion within set parameters to balance support for beneficiaries with preservation of trust principal, and prudent administration helps reduce disputes and ensure long‑term effectiveness.
Glossary of Spendthrift Trust Terms
Understanding the specialized terms used in trust documents helps grantors and beneficiaries make informed decisions. This glossary covers common roles and clauses found in Spendthrift Trusts, explaining what each term means and why it matters for trust administration. Clear definitions of grantor, trustee, beneficiary, and spendthrift provisions can demystify legal language and support better planning conversations. Familiarity with these terms makes it easier to review trust documents, recognize the implications of particular provisions, and ensure the trust aligns with your estate planning objectives in Silver Lake and under California law.
Grantor: The Individual Creating the Trust
The grantor is the person who establishes the trust by transferring assets into it and setting the trust’s terms. This individual decides how the trust will operate, who will serve as trustee, who the beneficiaries are, and how distributions should be handled. The grantor’s instructions determine the spendthrift protections and any conditions for payments. In California, grantors may choose between revocable and irrevocable structures depending on their goals, and they should consider funding steps to ensure the trust holds the assets intended for protection under the spendthrift clause.
Beneficiary: Who Receives Trust Benefits
A beneficiary is the person or entity entitled to receive distributions from the trust according to its terms. Beneficiaries may receive income, principal, or both, depending on distribution rules set by the grantor. Spendthrift provisions may limit a beneficiary’s ability to transfer an interest or have the interest reached by most creditors until distributions are made. The trustee must follow the trust instrument when considering beneficiary needs, making payments, and communicating decisions, all while keeping detailed records and acting in accordance with California law.
Trustee: Duties and Decision Making
A trustee is the person or entity responsible for managing trust assets, making distributions, and ensuring the trust operates according to the grantor’s instructions. Trustees have fiduciary duties to administer the trust prudently, maintain accurate records, and act in line with the document’s terms and applicable law. In Spendthrift Trusts, trustees often exercise discretion to protect principal and provide for beneficiaries’ needs without exposing assets to unnecessary risk. Selecting someone who will communicate clearly and manage accountings diligently is an important part of successful trust administration.
Spendthrift Clause: Limiting Assignments and Claims
A spendthrift clause is a provision that restricts a beneficiary’s ability to assign or pledge their interest in the trust and generally prevents creditors from reaching trust assets prior to distribution. Such clauses are designed to maintain assets for their intended purpose and to prevent premature depletion. California law recognizes spendthrift protections with certain exceptions, so careful drafting is required to ensure the clause functions as intended. The clause works together with trustee powers and distribution terms to achieve the grantor’s goals for asset preservation and beneficiary support.
How Spendthrift Trusts Compare to Wills and Other Trusts
Spendthrift Trusts offer ongoing asset protection and controlled distributions that differ from wills, which only take effect after death. Unlike outright gifts or simple trusts, Spendthrift trusts place restrictions on beneficiary control and sale of interests, reducing creditor access and promoting managed support. However, they require careful drafting and funding to be effective and may not be necessary in every situation. Evaluating your family’s financial habits, creditor exposure, and estate size helps determine whether a Spendthrift Trust or a less restrictive arrangement is most appropriate for achieving your long‑term goals.
When a Less Restrictive Plan May Be Appropriate:
Beneficiaries with Reliable Financial Habits
If beneficiaries demonstrate stable financial behavior, have no significant creditor exposure, and are capable of managing funds responsibly, a simpler trust or direct inheritance may meet family needs without the complexity of spendthrift provisions. Such arrangements reduce administrative burdens and can lower ongoing costs associated with trust management. For some families in Silver Lake, straightforward estate documents provide sufficient protection while offering beneficiaries quicker access to funds, making this approach a practical alternative when risk factors are minimal.
Small Estates with Limited Risk
When an estate contains modest assets and the likelihood of creditor claims is low, the additional protections of a Spendthrift Trust may be unnecessary. Simpler wills or basic living trusts can accomplish distribution goals without the administrative overhead of a spendthrift arrangement. For families seeking straightforward transfer of modest assets, these options can be cost effective and easier to manage, while still ensuring that wishes are documented and distributions occur according to the grantor’s intentions under California law.
Why a Thorough Trust Arrangement May Be Beneficial:
Protecting Vulnerable Beneficiaries
When beneficiaries face financial instability, legal judgments, or other risks that could jeopardize their inheritance, a robust Spendthrift Trust helps ensure that funds are preserved and distributed according to the grantor’s intentions. By limiting access to principal and allowing trustees to manage payments, the trust can deliver steady support without exposing assets to seizure. This protective structure is particularly valuable where long‑term support and stability are priorities for families who wish to guard wealth across generations and prevent avoidable losses.
Preserving Wealth Over Time
For families aiming to maintain assets for future generations, a comprehensive Spendthrift Trust can create the framework to control distributions, minimize opportunities for dissipation, and reduce the potential for disputes. With clear rules and trustee authority to manage assets responsibly, these trusts support long‑term preservation of family resources. In Silver Lake, where family legacies and property values can be significant, careful trust design helps align financial stewardship with the grantor’s objectives for ongoing support and intergenerational planning.
Benefits of a Thoughtfully Designed Spendthrift Trust
A well‑structured Spendthrift Trust provides multiple benefits including reduced exposure to creditor claims, controlled and phased distributions, and clearer administration for trustees. By setting distribution terms and documenting trustee duties, grantors can reduce ambiguity and the likelihood of conflicts among beneficiaries. Proper funding and clauses that reflect California law help ensure protections are effective. Collectively, these elements contribute to peace of mind for grantors who want their assets used responsibly and preserved for intended beneficiaries rather than being vulnerable to unplanned claims or impulsive spending.
Another important benefit is the reduction in potential disputes and administration costs through clear guidance for trustees. When a trust specifies duties, powers, and distribution standards, trustees can act with confidence while beneficiaries understand expectations. This clarity often leads to smoother administration and fewer court interventions, which preserves estate value. For Silver Lake families, the combination of asset protection and orderly distribution supports long‑term financial stability and helps ensure that the grantor’s legacy is honored according to their wishes.
Protection from Creditors and Claims
Spendthrift Trust provisions generally prevent beneficiaries from assigning interests or having trust assets reached by most creditors before distribution. This protection helps ensure that trust property remains available for the purposes set by the grantor rather than being used to satisfy unrelated debts. While certain exceptions exist under California law, careful drafting and proper trust funding increase the likelihood that assets will be shielded from claims. This benefit is especially relevant where beneficiaries face litigation, business liability, or significant unpaid debts.
Controlled Distributions That Promote Financial Stability
Controlled distributions allow grantors to set how and when funds are disbursed, which can foster stable long‑term support for beneficiaries and lessen the chance of rapid depletion. Trustees can tailor payments to meet living expenses, education needs, or medical costs while retaining principal for future requirements. This measured approach to distributions supports beneficiary welfare while preserving the estate, offering grantors a way to provide ongoing support without sacrificing the financial integrity of the assets they entrust to the trust.
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Practical Tips for Spendthrift Trust Planning
Customize Trust Terms to Your Family
Tailor the trust language to reflect your family’s particular needs and potential risks. Consider distribution schedules, conditions tied to milestones, and provisions addressing beneficiary circumstances such as addiction, debt, or special needs. Including clear instructions for trustee discretion and detailed distribution criteria helps reduce ambiguity and supports consistent administration. Regularly reviewing terms as circumstances change ensures the trust remains aligned with your evolving objectives and with developments in California law.
Select a Trustee Who Communicates Well
Fund the Trust Promptly and Fully
A Spendthrift Trust only protects assets that have been properly transferred into it, so completing funding steps is essential. Retitle accounts, execute required deeds, and document transfers to ensure property falls within the trust estate. Without proper funding, intended protections may not apply and assets could remain vulnerable. Make an inventory of assets to be moved into the trust and follow a clear plan to complete transfers, keeping copies of all documentation for future administration and accounting needs.
Why Consider a Spendthrift Trust in Silver Lake
Consider a Spendthrift Trust when you want to protect assets from creditor claims and control the manner and timing of distributions to beneficiaries. These trusts are particularly relevant for families with members who may face financial pressures, legal judgments, or divorce proceedings that could put inherited assets at risk. A trust can also help preserve assets for long‑term goals like education, housing, or multigenerational wealth transfer. Thoughtful drafting and proper funding are necessary to ensure the trust achieves the desired protections under California law.
A Spendthrift Trust can also reduce the potential for disputes by clarifying trustee authority and distribution standards. Clear provisions help trustees administer assets with a documented framework and help beneficiaries understand expectations. For grantors who want lasting control over how funds are used while ensuring support for loved ones, a Spendthrift Trust provides a balance of protection and flexibility. Consulting with LA Estate Plans in Silver Lake can help evaluate whether this approach aligns with your estate planning objectives and family circumstances.
Common Situations That Make Spendthrift Trusts Helpful
Spendthrift Trusts are often considered when beneficiaries may be vulnerable to creditor claims, have unstable financial habits, or face events like divorce that could jeopardize inheritance. They are also useful for protecting assets intended for minors or those who need ongoing support rather than a single lump sum. Families with business interests or professional liability exposure may use spendthrift protections to keep personal or family wealth insulated. Evaluating these circumstances helps determine whether a trust or alternative planning approach best fits the family’s needs.
Beneficiary Debt or Creditor Exposure
When beneficiaries have significant debts or are likely to face creditor claims, a Spendthrift Trust can shield trust property from seizure before distributions. This preservation helps ensure the grantor’s intention to support a beneficiary is fulfilled without the assets being diverted to satisfy unrelated obligations. Properly drafted spendthrift provisions and timely funding increase the likelihood that the trust assets remain available for their intended purpose under California rules and recognized exceptions.
Concerns About Impulsive Spending
If there are concerns that a beneficiary might spend an inheritance quickly or irresponsibly, a Spendthrift Trust allows the grantor to structure distributions to promote long‑term stability. The trust can specify periodic payments, needs‑based distributions, or milestone‑based releases to address education, housing, or medical expenses. This approach helps safeguard the estate’s value and supports beneficiaries in ways aligned with the grantor’s objectives, without handing over large sums at once.
Protecting Assets from Divorce or Lawsuits
When beneficiaries face potential divorce or legal claims, trust protections can help keep assets from becoming part of marital property or subject to judgment. Spendthrift provisions limit a beneficiary’s control over the assets, making it more difficult for those assets to be reached in family law or civil litigation contexts. While no structure offers absolute immunity in every scenario, careful planning can significantly reduce exposure and preserve resources for the intended recipients.
We’re Here to Assist with Spendthrift Trust Planning
Why Choose LA Estate Plans for Spendthrift Trusts
Clients in Silver Lake turn to LA Estate Plans for clear, practical guidance on trust formation and administration. Our approach emphasizes tailored documents that reflect a client’s goals and family dynamics while meeting California legal requirements. We help clients navigate funding steps and trustee selection so trust protections function as intended. Throughout the process, we prioritize communication and transparency to ensure clients understand how their trust will operate and what to expect during administration.
We focus on designing trust provisions that balance asset preservation with practical support for beneficiaries. That includes drafting distribution standards, spendthrift clauses, and trustee powers that align with the grantor’s values and objectives. We also assist with the practical steps of transferring property into trusts and documenting those transactions so protections apply. For families concerned about creditor exposure or long‑term wealth preservation, we offer planning tailored to local considerations in Silver Lake and Los Angeles County.
Our commitment includes ongoing support during the initial setup and guidance on periodic reviews to keep trust documents current with family changes and legal developments. We help clients anticipate scenarios that may affect administration and offer recommendations for trustee communication and recordkeeping. If disputes arise, having clearly drafted documents and a well‑documented funding history often reduces the need for court involvement and helps preserve estate value for beneficiaries.
Schedule a Consultation with LA Estate Plans in Silver Lake
Our Process for Creating and Funding Spendthrift Trusts
Our process begins with a focused consultation to understand your assets, family dynamics, and planning goals. We assess whether a Spendthrift Trust suits your needs and outline the steps for drafting, funding, and administering the trust. From preparing a tailored trust document to guiding asset transfers and executing the agreement, we handle each step with attention to detail. We also discuss trustee responsibilities, recordkeeping, and periodic review to ensure the trust continues to meet its intended purpose over time.
Initial Consultation and Information Gathering
The first step involves a consultation where we review your estate planning objectives, identify assets to place in the trust, and discuss beneficiary circumstances. We gather financial information, family details, and any specific concerns about creditor exposure or potential challenges. This initial assessment informs the trust structure, distribution terms, and trustee powers needed to meet your goals while aligning with California law and Silver Lake considerations.
Assessing Family and Financial Situations
During the assessment we consider family composition, potential beneficiary needs, and any legal or financial risks that could affect the estate. This helps determine appropriate distribution schedules and spendthrift provisions. We also identify assets to be transferred into the trust and discuss possible trustees who can administer the trust responsibly. A clear understanding of these factors supports drafting that reflects your intentions and practical outcomes for beneficiaries.
Explaining Benefits and Limitations
We provide a clear explanation of how a Spendthrift Trust operates, including protections offered, applicable California exceptions, and the implications for beneficiaries and trustees. This step ensures you understand the tradeoffs involved and how different trust provisions can achieve varying levels of protection and control. With this information, you can make informed decisions about trust terms and any alternatives that may better suit your situation.
Drafting the Spendthrift Trust Document
After gathering information and confirming objectives, we draft a trust document tailored to your needs. This includes spendthrift clauses, distribution criteria, trustee powers, and any special provisions for minors or beneficiaries with particular needs. The drafting stage focuses on clarity, enforceability under California law, and alignment with your goals, producing a document that guides administration and reduces ambiguity for trustees and beneficiaries alike.
Incorporating Spendthrift Provisions and Distribution Rules
We craft precise spendthrift language that limits beneficiary assignments and addresses creditor access according to California standards. Distribution rules are written to reflect the grantor’s priorities, such as periodic support, needs‑based payments, or milestone releases. Clear trustee authorities and limitations are included to ensure the trustee can manage assets effectively while honoring the grantor’s intent and protecting the trust estate.
Defining Trustee Roles and Administrative Procedures
The trust document specifies trustee duties, recordkeeping requirements, and reporting standards to beneficiaries. It should outline processes for handling distributions, investment decisions, and conflict resolution. Including these administrative details helps trustees act consistently and transparently, reducing the chance of misunderstandings and litigation. This clarity supports efficient ongoing management and protects the trust’s purpose over time.
Finalizing the Trust and Funding Assets
The final phase includes executing the trust agreement, transferring assets into the trust, and completing any required formalities to give the trust legal effect. Proper funding—retitling accounts, executing deeds, and documenting transfers—is essential so that the trust actually holds the intended assets. We assist with practical steps to ensure funding is completed correctly, providing checklists and guidance to minimize oversight and secure the intended protections.
Executing the Trust Agreement
Execution involves signing the trust document according to legal requirements and retaining properly dated records. Witnessing or notarization may be needed depending on the asset types and local practices. Proper execution establishes the trust’s terms and clarifies the grantor’s instructions for trustees and beneficiaries, creating the framework for future administration and protection under California law.
Transferring Assets and Documenting Funding
Transferring assets into the trust is a critical administrative step to activate protections. This can include changing titles on real property, updating account beneficiaries, and assigning ownership of investments to the trust entity. Detailed documentation of each transfer, including receipts and retitling records, helps demonstrate that assets belong to the trust and supports proper administration and accounting for beneficiaries and trustees.
The Proof is in Our Performance
Frequently Asked Questions About Spendthrift Trusts
What is a Spendthrift Trust and how does it protect assets?
A Spendthrift Trust restricts a beneficiary’s ability to transfer or assign their interest and generally prevents creditors from reaching trust assets before distribution. The grantor creates the trust terms to define distribution rules and trustee powers, and the trustee holds legal title to manage and disburse assets according to those terms. Properly written spendthrift provisions can preserve assets for long‑term support and guard against dissipation. These protections depend on the trust being properly funded and drafted in compliance with California law. Some exceptions exist under statute, so careful attention to language and funding steps is necessary to maximize the trust’s protective effect and ensure the grantor’s intentions are carried out.
Can creditors access assets held in a Spendthrift Trust in California?
In many cases creditors cannot reach assets held in a Spendthrift Trust until they are distributed to the beneficiary. The spendthrift clause typically prevents beneficiaries from assigning their interest or pledging it to creditors during the trust term. This makes trust property less vulnerable to claims arising from a beneficiary’s debts. However, California law recognizes exceptions where certain types of claims may still access distributions or where public policy overrides spendthrift protections. The trust’s enforceability also depends on proper funding, so transferring assets into the trust and documenting those transfers are essential to maintain protection against creditor access.
Who should serve as trustee for a Spendthrift Trust?
Selecting a trustee involves balancing reliability, administrative ability, and a temperament suited to overseeing distributions and recordkeeping. Trustees can be individuals, family members, or institutions; each option has advantages and tradeoffs related to continuity, cost, and oversight. The trustee’s role includes managing assets prudently, following distribution standards, and communicating with beneficiaries. Trust documents should provide clear guidance on trustee duties, decision making, and reporting. Naming successor trustees and outlining procedures for conflict resolution can help maintain consistent administration over time and reduce the likelihood of disputes among beneficiaries.
How do I fund a Spendthrift Trust after it is drafted?
Funding a Spendthrift Trust requires retitling assets into the trust’s name and documenting each transfer. This process may include executing deeds to transfer real property, changing ownership of bank and investment accounts, and assigning other assets such as business interests or personal property. Completing these steps ensures the trust actually holds the intended assets and that spendthrift protections apply. Careful recordkeeping of retitling documents, transfer receipts, and account statements is important for future administration. We assist clients in Silver Lake with checklists and hands‑on guidance to complete funding efficiently and to confirm that the trust’s protections are in place.
Can a Spendthrift Trust be changed after it is created?
Whether a Spendthrift Trust can be changed depends on its structure. Revocable trusts can generally be amended or revoked by the grantor during their lifetime, allowing for updates as circumstances change. Irrevocable trusts are typically more rigid and may require court approval or consent from beneficiaries for modifications, subject to legal standards. Because family situations and laws evolve, it is advisable to include review provisions and plan for potential changes at the time of drafting. Periodic review helps ensure the trust remains aligned with goals and responsive to changing circumstances in Silver Lake or California law.
Are Spendthrift Trusts appropriate for minor beneficiaries?
Spendthrift Trusts are commonly used to provide for minors, as they ensure funds are managed by a trustee and released under conditions appropriate for the child’s needs. Trust provisions can specify age thresholds, educational milestones, or needs‑based distributions to support the beneficiary while preventing premature access to large sums. Designing distributions for minors should balance immediate needs with long‑term support objectives. Clear trustee guidance and documentation help trustees provide for health, education, and maintenance while preserving principal for future requirements.
What types of distributions can be set in a Spendthrift Trust?
Distribution options in a Spendthrift Trust can include periodic payments for living expenses, payments tied to specific needs such as education or medical care, or milestone releases upon reaching certain ages or achievements. The grantor can mix approaches, creating a flexible plan that addresses both short‑term needs and long‑term preservation goals. Specifying clear criteria and trustee discretion rules helps ensure distributions serve intended purposes and reduces ambiguity. Well‑drafted distribution provisions support steady support for beneficiaries while safeguarding trust principal over time.
How do Spendthrift Trusts interact with divorce proceedings?
Spendthrift Trusts can limit a beneficiary’s direct access to assets, which may reduce the likelihood that trust property becomes subject to division in a divorce. Because trust assets are not owned outright by the beneficiary, they are often less vulnerable to marital property claims, particularly if distributions are controlled by the trustee rather than the beneficiary. However, family law outcomes depend on many factors, and no arrangement guarantees immunity from all claims. Careful drafting and timing of transfers, along with clear documentation, can help preserve the trust’s protective intent in the context of potential marital disputes.
What tax considerations apply to Spendthrift Trusts?
Tax treatment of trusts varies with their structure and the assets involved. Spendthrift Trusts may have separate tax identification and reporting requirements, and income generated within the trust can be taxed to the trust or beneficiaries depending on distributions and trust terms. Estate and gift tax considerations also depend on whether the trust is revocable or irrevocable and how transfers are made. Because tax rules are complex, coordinating trust planning with tax advisors helps ensure that the chosen trust structure aligns with financial goals and minimizes unintended tax consequences while complying with federal and California tax requirements.
How can LA Estate Plans help set up a Spendthrift Trust in Silver Lake?
LA Estate Plans assists clients in Silver Lake with the full process of evaluating, drafting, and funding Spendthrift Trusts. We begin with a consultation to understand assets and goals, then prepare tailored trust documents, guide funding steps, and advise on trustee selection and reporting practices. Our approach emphasizes clear communication and practical drafting to support effective administration. We also help with periodic reviews and updates to keep trusts aligned with family changes and legal developments. Contact us at 310-634-1006 to schedule a conversation about how a Spendthrift Trust could fit your estate plan and to learn about the next steps for implementation.