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WATTERSON v. EDGERLY

No. 1373, September Term, 1977.

40 Md. App. 230 (1978)

388 A.2d 934

EARL D. WATTERSON ET AL. v. LLOYD I. EDGERLY.

Court of Special Appeals of Maryland.

Decided July 18, 1978.

Attorney(s) appearing for the Case

E. Richard McIntyre for appellants.

Marvin E. Perlis for appellee.

The cause was argued before GILBERT, C.J., and DAVIDSON and MACDANIEL, JJ.

GILBERT, C.J., delivered the opinion of the Court.

A spendthrift trust is an American legal creation,1 designed specifically to afford a beneficiary those things he cannot afford, while simultaneously protecting him from the claws of cozened creditors. It runs the gamut from the benefactor's fortune to the beneficiary's good fortune and the creditor's misfortune.

Spendthrift trusts...

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