Beach_bum_trust_provision

Beach bum trust provision

Beach bum trust provision

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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]

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]

References

  1. [1]
    Hill, Gerald N.; Hill, Kathleen (2009). Nolo's Plain-English Law Dictionary. p. 43. ISBN 9781413310375.
  2. [2]
    "beach bum trust provision". Legal Information Institute. 2010-08-19.
  3. [3]
    "Beach Bum Trust Provision Law and Legal Definition". USLegal. airSlate Legal Forms, Inc.


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