@originaldohnthornton: Most people have no idea the foundation of a contract law spendthrift trust goes all the way back to the U.S. Constitution.
Article 1, Section 10.
“No state shall pass any law impairing the obligation of contracts.”
That’s the right to contract.
And that’s a massive difference between contract law and statutory law structures.
With statutory law entities…
the state creates the rules.
The state changes the rules.
And judges operate inside that statutory system.
But a contract law spendthrift trust is governed by its private governing instrument — the contract itself.
No state legislature.
No agency.
No judge can simply rewrite the trust agreement because they don’t like it.
That’s why the structure is so powerful.
Far greater privacy.
Powerful lawsuit protection.
And no taxable events (info purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxsavings #taxreduction #constitution
