2. wastefully extravagant; prodigal. Most material 2005, 1997, 1991 by Penguin Random House LLC. Entries linking to spendthrift. spendthrift in a sentence | (High-Rise Emergency Response Offensive) Pipe System Select Speaker Voice. People create trusts for a lot of different reasons. What if my beneficiary is a minor? spendthrift (spndrft) n. 1. a person who spends money or wealth extravagantly and wastefully; prodigal. US English. Rate the pronunciation struggling of Spendthrift Trust. sentence for "spendthrift". A spendthrift clause is a provision that protects assets or certain trusts against the creditors of a beneficiary of those trust assets. Add Definition. This is the British English definition of spendthrift. Example sentences : He had acquired this from his mother's teachings and his father's spendthrift ways. (13) I remember him as a charming but irresponsible spendthrift. Difficult (1 votes) His great plan did little to curb the spendthrift state. 33. Daniel Gross As spendthrift baby boomers retire, they will endeavor to turn their meager savings into maximum retirement income. Spendthrift Trust . Mark. The definition of spendthrift is wasteful or extravagant. (M) , la despilfarradora. . spendthrifts. Learn how to pronounce Spendthrift in English with video, audio, and syllable-by-syllable spelling from the United States and the United Kingdom. spendthrift pronunciation in British English UK ; All about spendthrift Download all about spendthrift in pdf. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved. A spendthrift clause refers to a clause creating a spendthrift trust which limits the ability of assets to be reached by the beneficiary or their creditors.A spendthrift trust usually requires the trustee to only give a certain amount of income to the beneficiary, and often spendthrift trusts do so to prevent a financially unstable beneficiary from mismanaging the funds. noun a person who spends possessions or money extravagantly or wastefully; prodigal. (F) Marisa feels guilty for being such a spendthrift, particularly because her husband is so frugal.Marisa se siente culpable por ser semejante derrochadora, sobre todo porque su marido es muy frugal. The Commercial Medicines Unit works collaboratively with both NHS pharmacists and suppliers in the collation and analysis of secondary care medicines spend on behalf of both the Department of Health and the NHS via its . The downside is that it can be expensive to set up and maintain, and the beneficiary may be able to challenge the trust's spendthrift provisions in court. A spendthrift clause in a trust can help protect family assets from creditors. adjective wastefully extravagant; prodigal. English Pronunciation of Spendthrift. ( Received Pronunciation) IPA ( key): /spn (d)ft/ ( General American) IPA ( key): /spn (d)ft/ Hyphenation: spendthrift Adjective [ edit] spendthrift ( comparative more spendthrift, superlative most spendthrift ) Improvident, profligate, or wasteful. (11) His great plan did little to curb the spendthrift state. (14) 1. 0. [count] : a person who spends money in a careless or wasteful way. A spendthrift trust is a type of trust that limits your beneficiary's access to assets. spendthrift trust pronunciation with translations, sentences, synonyms, meanings, antonyms, and more. View American English definition of spendthrift. Synonyms and related words. spendthrift - Translation to Spanish, pronunciation, and forum discussions. Define Spendthrift. The primary uses for spendthrift provisions include: Setting up a trust for a family member who is unable to manage his or her finances appropriately. See spendthrift in the Oxford Advanced American Dictionary Check pronunciation: spendthrift SPENDTHRIFT Pronunciation (US): (GB): IPA (US): Dictionary entry overview: What does spendthrift mean? ; Record yourself saying 'spendthrift' in full sentences, then watch yourself and listen.You'll be able to mark your mistakes quite easily. ; Record yourself saying 'spendthrift' in full sentences, then watch yourself and listen.You'll be able to mark your mistakes quite easily. SPENDTHRIFT (adjective) The adjective SPENDTHRIFT has 1 sense: 1. recklessly wasteful A spendthrift trust is a trust that restrains the voluntary and involuntary transfer of the beneficiary's interest in the trust. Written By We found 7 answers for "Spendthrift" . Spendthrift Trust. spendthrift pronunciation with translations, sentences, synonyms, meanings, antonyms, and more. Find 14 ways to say SPENDTHRIFT, along with antonyms, related words, and example sentences at Thesaurus.com, the world's most trusted free thesaurus. play. Difficult (1 votes) Spell and check your pronunciation of spendthrift. Have a definition for Spendthrift ? plural spendthrifts. US English. Definition and synonyms of spendthrift from the online English dictionary from Macmillan Education. High Roller : one who spends lavishly and ostentatiously on entertainment. Select Speaker Voice. Julia. noun A popular UK back-formation from the verb "spend", defined as the amount of money spent on something. In practice, this means that a beneficiary of a trust containing a spendthrift clause can't buy a house using trust funds as collateral. spendthrift in American English (spendrft) noun 1. a person who spends possessions or money extravagantly or wastefully; prodigal adjective 2. wastefully extravagant; prodigal SYNONYMS 2. wasteful, improvident, profligate. Origin : c.1600, from spend + thrift in sense of "savings, profits, wealth." Replaced earlier scattergood (1570s) and spend-all (1550s). spendthrift spendthrift spendthrift ka matlab, spendthrift ka arth Extract from : The Boy Life of Napoleon . US English. It basically disenfranchises creditors completely even in bankruptcy. that definition had expanded to include someone "who spends . Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Spendthrift as a noun means Spendthrift is defined as a person who overspends, or who spends money in an irresponsible way.. . 42. Spendthrift provision. adjective. an arrangement whereby one person sets aside property for the benefit of another in which, either because of a direction of the settlor (one who creates a trust) or because of statute, the beneficiary (one who profits from the act of another) is unable to transfer his or her right to future payments of income or capital, and his or her creditors Black's Law Dictionary defines a "spendthrift" as: "One who spends money profusely and improvidently; a prodigal; one who lavishes or wastes his estate.". They are often established when the beneficiary is too young or or doesn't have the mental capacity to manage their own money. Example. The trustee has a duty to act in the best interest of the trust beneficiary. This video shows you how to pronounce CANDID in British English. Check out the pronunciation, synonyms and grammar. Curzan explores the etymology of thrifty to get to the bottom of spendthrift. 15. (12) Throughout his life he was a profligate and a spendthrift. A "spendthrift provision" is a provision in a Trust or a Will that states that if a beneficiary has agreed or pledged to . She is a very spendthrift woman. spendthrift Currently popular pronunciations. thrift Here are all the possible pronunciations of the word spendthrift. Under various statutes, a spendthrift is a person who wastes or reduces her estate through excessive drinking, gambling, idleness, or debauchery in a manner that exposes that individual or her family to indigence or suffering or who exposes the government to expense for the support of that person or her family. [1595-1605] Random House Kernerman Webster's College Dictionary, 2010 K Dictionaries Ltd. Compare spender More examples A "spendthrift provision" is a provision in a Trust or a Will that protects a beneficiary from assigning away his or her inheritance and it also protects against a creditor attaching the beneficiary's inheritance. A "spendthrift provision" is a clause in a Trust or a Will that protects a beneficiary against a creditor attaching prior debts against the beneficiary's inheritance as well as preventing the beneficiary from acquiring debt based on the future inheritance. The most common type is a " living trust ." But another common trust, called a " spendthrift trust ," is designed to protect "beneficiaries" from themselves and people who . Advertisement. Generally, a spendthrift trust is used when the creator of the trust, also known as the trustor or grantor, has concerns about the spending habits, exposure to creditors or responsibleness of the beneficiary. Pick your prefered accent: Alex. They're recognized in all 50 States. Instead of receiving their inheritance all at once, the funds are released incrementally. b. el derrochador. I'm not a spendthrift, although sometimes if I see something on sale, I'll get three because it's a good deal. (general) a. el despilfarrador. The pros of a spendthrift trust are that it can prevent creditors and lawsuits from attaching to the beneficiary's assets and provide a steady income stream. The protection offered by a spendthrift provision prevents a beneficiary's creditors from . How to pronounce spendthrift adjective in American English (English pronunciations of spendthrift from the Cambridge Advanced Learner's Dictionary & Thesaurus and from the Cambridge Academic Content Dictionary, both sources Cambridge University Press) What is the definition of spendthrift? SPENDTHRIFT (noun) The noun SPENDTHRIFT has 1 sense: 1. someone who spends money prodigally Familiarity information: SPENDTHRIFT used as a noun is very rare. Spendthrift . [from late 16th c.] quotations Extravagant or lavish . US English. /spendrft/ (disapproving) a person who spends too much money or who wastes money Topics Shopping c2 Questions about grammar and vocabulary? Here are 4 tips that should help you perfect your pronunciation of 'spendthrift':. Spendthrift pronunciation. Principal Translations: Ingls: Espaol: spendthrift n ([sb] who wastes money)despilfarrador, despilfarradora nm, nf: derrochador, derrochadora nm, nf: Sally is a spendthrift who makes too many impulsive purchases. Here are 4 tips that should help you perfect your pronunciation of 'spendthrift':. During his absence she married the profligate spendthrift, P. Cornelius Dolabella. Protecting assets from the creditors of a beneficiary - even when that heir has a large amount of debt. Attorneys refer to this as a "third - party settled spendthrift trust.". A spendthrift trust is a type of property control trust that limits a beneficiary's access to their inherited assets. A spendthrift trust grants an independent trustee the power to determine how the trust funds are spent for the benefit of the beneficiary. Thus, the beneficiary of the trust is not in control of the property and her creditors cannot reach those assets. 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 . spendthrift trusts name numerology is 4 and here you can learn how to pronounce spendthrift trusts, spendthrift trusts origin and similar names to spendthrift trusts name. The spendthrift trust was originally one that people set up for a person who has a . ( paragraph (15)) means a term of a trust which restrains the transfer of a beneficiary's interest, whether by a voluntary act of the beneficiary or by an action of a beneficiary's creditor or assignee, which at least as far as the beneficiary is concerned, would be involuntary. DEFINITIONS 1. spend (v.) 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