Common use of Beneficiary has no control Clause in Contracts

Beneficiary has no control. The Beneficiary may not demand any distribution from this trust. The Beneficiary may not assign, convey or otherwise encumber his or her account, nor shall any account assets be subject to any debt incurred by the Beneficiary or to the claims of any creditor of the Beneficiary.

Beneficiary has no control. The Beneficiary may not demand any distribution from this trust. The Beneficiary may not assign, convey or otherwise encumber his or her account, nor shall any account assets be subject to any debt incurred by the Beneficiary or to the claims of any creditor of the Beneficiary. Settlor has no control. The Settlor acknowledges that this document is irrevocable (cannot be changed) and that the Settlor may not sell, assign, convey or otherwise encumber the Beneficiary's AFT assets.