Wills, trusts and estates
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Wills
Legal history of wills Joint wills and mutual wills Will contract Codicil Holographic will Oral will Sections Attestation clause Residuary clause Incorporation by reference Contest Testamentary capacity Undue influence Insane delusion Fraud No-contest clause Property disposition Lapse and anti-lapse Ademption Abatement Satisfaction of legacies Acts of independent significance Elective share Pretermitted heir
Trusts
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Estate administration
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Related topics
Advance directive (Living will) Blind trust Forced heirship Totten trust
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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]

Background

"Beach bum trust provisions" may take a variety of forms, such as by requiring a beneficiary to attain a certain job or degree, or by using the beneficiary's own income to determine how much money they can take from the trust fund at a given time. ^[2] 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. ^[3]

References

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