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A Rake's Progress (or The Rake's Progress) is a series of eight paintings by 18th-century English artist William Hogarth. [1] The canvases were produced in 1732–1734, then engraved in 1734 and published in print form in 1735. [2]
Hungerford was the son and heir of Anthony Hungerford (1607/8-1657) by his wife Rachel Jones, daughter of Rice Jones of Asthall, Oxfordshire [2] and was baptised at Black Bourton, Oxfordshire. [3] His father was a supporter of the royalist cause in the Civil War. Hungerford was a student of Queen's College, Oxford, in 1649. He succeeded to the ...
A spendthrift (also profligate or prodigal) is someone who is extravagant and recklessly wasteful with money, often to a point where the spending climbs well beyond their means. Spendthrift derives from an obsolete sense of the word thrift to mean prosperity rather than frugality, [ 1 ] so a "spendthrift" is one who has spent their prosperity.
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Planning your estate plan for when the time comes can be challenging, especially if you have a significant amount of assets with beneficiaries who lack the financial responsibility to use it ...
A spendthrift provision creates an irrevocable trust preventing creditors from attaching the interest of the beneficiary in the trust before that interest (cash or property) is actually distributed to him or her. Most well-drafted irrevocable trusts contain spendthrift provisions even though the beneficiaries are not known to be spendthrifts.
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It has marked similarities to asset-protection trusts found in several offshore jurisdictions and US Spendthrift trusts. In such a trust assets are ordinarily held to pay an income to the beneficiary. The beneficiary may also have access to capital of the trust with the trustee's permission. The right to receive income from a trust would ...