Beach Bum Trust Provision Legal Meaning and Definition
Here is a simplified definition of the legal term Beach Bum Trust Provision.
Beach Bum Trust Provision (noun): A clause featured in trust agreements that restricts the financial advantages for beneficiaries to only the profits or income they personally generate. Essentially, it helps to ensure that the benefits each beneficiary receives from the trust correspond to their individual performance. This term is mostly used in the field of law, specifically in relation to trust deeds and inheritance laws.