Henry's oldest son has few financial resources. Henry would like to contribute annually to a trust, with his son only receiving the trust income. The remainder of the trust would go to his grandchildren (his son's children) at his son's death. Henry wants his son to receive all the earnings from the trust with no restrictions. He realizes that his son will likely squander trust income he receives but wants to otherwise protect his son from his creditors. Which of the following trusts would you recommend that Henry establish for the benefit of his son?

 A) A support trust

B) A Section 2503(b) trust

C) An irrevocable trust, including spendthrift provisions

Answer rating: 100% (QA)

In this scenario considering Henrys desire to protect his son ... View the full answer