Which of the following is true of a spendthrift trust?

A) The settlor can make himself the beneficiary.
B) It restricts the voluntary transfer of a beneficiary's interest.
C) Assignees can claim rights to it.
D) Creditors can claim rights to it.

Spendthrift Trust

A trust designed to prevent beneficiaries from squandering their inheritance by controlling the distribution of assets.

Beneficiary Interest

Refers to the rights or advantages accruing to a beneficiary, generally in the context of trusts or estates.

Voluntary Transfer

The act of giving or transferring ownership of property or a title willingly from one party to another without coercion.