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Spendthrift Provision.No right or interest of an Eligible Employee under this Plan may be assigned, transferred or alienated, in whole or in part, either directly or by operation of law, and no such right or interest shall be liable for or subject to any debt, obligation or liability of such Eligible Employee.

The exact wording of a spendthrift clause may look something like ?no beneficiary may assign, anticipate, encumber, alienate, or otherwise voluntarily transfer the income or principal of any trust created under this trust.

The key difference between the two types of trusts is intent. An APT is designed to protect a beneficiary's assets in legal situations, while a spendthrift trust is designed to protect a beneficiary financially due to behavioral issues, disabilities, or mental illness.

A spendthrift trust is a trust designed so that the beneficiary is unable to sell or give away her equitable interest in the trust property. The trustee is in control of the managing the property. Thus, the beneficiary of the trust is not in control of the property and her creditors cannot reach those assets.

Do you still have to pay child support if the child goes to college? You will not have to pay child support to the custodial parent or child after the child turns 19, even if that child is in college. Indiana's New Child Support Law Cordell & Cordell ? ... ? Indiana Resources Cordell & Cordell ? ... ? Indiana Resources

After termination, the parent will also not have a duty to financially support the child. This will not, however, erase a parent's existing past-due child support debt. What are Grounds for Terminating Parental Rights in Indiana lockwoodlegal.com ? what-are-grounds-for-termi... lockwoodlegal.com ? what-are-grounds-for-termi...