Beach bum trust provision

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]

Wills, trusts and estates

Part of the common law series
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Related topics
Advance directive (Living will) Blind trust Forced heirship Totten trust
Other common law areas
Contract Tort Property Criminal law Evidence

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

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

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