Spendthrift Trust, LFG Daily July 28th, 2026

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The Spendthrift Trust: Protecting Your Legacy From Poor Financial Decisions

One of the biggest concerns I hear from clients isn’t whether they’ll have enough money to retire.

It’s what happens to their wealth after they’re gone.

Many parents and grandparents have spent decades building financial security through hard work, disciplined saving, and smart investing. Naturally, they want those assets to improve the lives of the next generation—not disappear because of poor financial decisions.

That’s where a spendthrift trust can be an incredibly valuable estate planning tool.

What Is a Spendthrift Trust?

A spendthrift trust is a type of trust designed to protect assets that are left to a beneficiary.

Instead of receiving a large inheritance outright, the beneficiary receives money according to the terms established by the person creating the trust (known as the grantor).

A trustee oversees the assets and distributes funds based on the instructions in the trust document.

This structure allows you to continue providing for your loved ones while helping protect the inheritance from poor decisions, creditors, lawsuits, or even divorce in certain situations.

Why Would Someone Need One?

Not every beneficiary is financially prepared to receive a large sum of money.

Some beneficiaries are young and inexperienced.

Others may struggle with spending habits, addiction, gambling, or excessive debt.

Sometimes the concern isn’t irresponsibility at all—it may simply be that a beneficiary works in a profession with a high risk of lawsuits or has an unstable marriage.

A spendthrift trust can provide an extra layer of protection in many of these situations.

Protecting Against Poor Spending Habits

Imagine leaving your child a $2 million inheritance.

If they receive the money outright, they have complete control over how it’s is spent.

They could invest it wisely...

Or they could purchase expensive cars, luxury vacations, speculative investments, or simply spend through it far faster than you ever intended.

A spendthrift trust allows the trustee to distribute money over time instead of all at once.

For example, the trust could provide:

• Monthly or annual income distributions.

• Funds for education.

• Assistance with purchasing a home.

• Healthcare expenses.

• Business opportunities approved by the trustee.

• Additional distributions only when certain conditions are met.

The goal isn’t to control someone’s life.

The goal is to help preserve financial security for decades rather than years.

Protection From Creditors

One of the unique benefits of a properly drafted spendthrift trust is that it may help protect trust assets from many creditors of the beneficiary.

If the beneficiary accumulates significant debt or faces certain legal judgments, assets remaining inside the trust may receive protection that assets distributed directly to the beneficiary would not.

The specific protections depend on state law and how the trust is structured, so it’s important to work with an experienced estate planning attorney.

Helping Future Generations

Many families think only about leaving money to their children.

But what if your goal is to benefit your grandchildren—or even great-grandchildren?

A spendthrift trust can help preserve family wealth across multiple generations by reducing the likelihood that a single beneficiary quickly spends the inheritance.

Instead of creating one wealthy heir, you may create a lasting family legacy.

More Than Just Wealth Protection

A spendthrift trust isn’t only for families concerned about irresponsible spending.

It can also be useful when a beneficiary:

• Is still young or financially inexperienced.

• Has special needs (often in coordination with other specialized planning).

• Owns a business with potential liability.

• Works in a profession with litigation risk.

• Is going through financial instability.

• Simply prefers professional management of inherited assets.

Sometimes protecting someone from life’s uncertainties is just as valuable as protecting them from themselves.

Financial Planning and Estate Planning Go Hand in Hand

Investment management helps you build wealth.

Tax planning helps you keep more of it.

Estate planning determines what happens after you’re gone.

Without a thoughtful estate plan, decades of disciplined saving and investing can unravel much faster than most people imagine.

A spendthrift trust isn’t about mistrusting your family.

It’s about recognizing that life is unpredictable and creating safeguards that protect the people you care about most.

One of the greatest gifts you can leave your family isn’t simply money.

It’s a plan.

A well-designed spendthrift trust can provide financial support while encouraging responsible stewardship, protecting assets from unnecessary risks, and helping ensure your life’s work continues to benefit the people you love for years—or even generations—to come.

Every family’s situation is different, which is why trust planning should be coordinated with your financial planner, estate planning attorney, and tax professional. When these professionals work together, you can create a strategy that not only grows your wealth during your lifetime but also protects your legacy long after you’re gone.

Click here to schedule a meeting — I’m here to help you take the next step toward financial freedom.

Colin Symons, CIO Lloyd Financial Group

The shooting is over again. Great. The immediate question seems to be, when does fighting start back up? After all, nothing seems particularly settled. Are we just going to have a war switch that flicks on and off over time?

I doubt anybody really has an answer to that. In theory, this could be the start of a lasting peace. Or, we could see shooting start up again tomorrow. Under those circumstances, it’s easy to see why many will be slow to return to markets.

On the other hand, you have a bit of a prisoner’s dilemma. If other people start buying and a more lasting peace takes place, you’ve lost out on buying stocks at depressed prices. There are plenty of people who have been steadfastly negative for quite a while, and that hasn’t tended to pay. War fears can hurt liquidity, but economic growth remains strong.

We can’t know the future, of course. However, we can play in probabilities. War concern comes on and fades. Another important thing to notice, at least thus far, is that each bout of fear has been less strong than the last. Oil was sent over $115 on the first round of fear, then about $110, $105, $95, and $90. Oil markets are managing.

It’s worth pointing out that oil is not what people actually put in their car. Oil gets separated into different components, and gasoline is important for many. Low inventories, disruptions, and continued strong demand have combined to keep gas prices high. The chart below, from RBN Energy, shows the crack spread YTD. Ideally, crack spreads come down, or it could be an issue.

If you’re truly a long-term investor, arguably the Iran war is largely noise. You can use it to reposition if war concerns create extremes. For instance, we sold DOW in early April when we believed their premium from the war was pretty played out. In general, though, as long as you like what you’re holding and are aware of how the war can affect your stocks, it seems like noise.

Shorter-term, I’d just try to recognize the cycles. Unfortunately, it’s very news-driven and thus hard to anticipate. Nonetheless, looking at recent events, oil and rates got stressed, which is often where pressure develops to make a deal. It’s likely increasingly OK to be a little late, as investors have become wary of the news. When good or bad news hits, you can shift on the likelihood of a reversal.

Dealing with this war isn’t fun or desired for a variety of reasons. Nonetheless, it’s something that investors have to deal with. As usual, having a gameplan before something happens makes taking action much easier. Until something really changes, you probably want to fade extremes.

Durable Goods Orders were 0.3% m/m, with Core Orders 0.6% m/m vs. exp. 0.8%.

US S&P Composite PMI was 53.6 vs. est. 52.2, with Services outperforming. Some of this is probably a World Cup effect.

Dallas Fed Manufacturing was 1.3 vs. prev. 0.

Oman and Iran are working on a deal to manage the Strait together with voluntary fees, sending oil down another -2%, with ship traffic starting to return.

News that China developed DMV lithography sent semiconductors (SMH) down. ASML, which this really hits was down -8% before getting halted. This is a long-term potential problem, as Chinese production is currently inferior and not enough to even meet internal demand.

In turn Korea’s Kospi index was -11% overnight as semiconductor stocks continue to get sold.

Unilever ((UL) is up 7% after raising guidance for the year as sales growth has improved.

Philips is -5% after the reported delayed orders in the US and market pressure in China hit the healthcare tech business.

UPS raised their outlook, sending shares up 3%.

ADP Employment and Inventories, today.

Bottom line: Semiconductor fear leaked over into Korea and has boomeranged back here

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