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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.
Several states have changed their laws to provide that a person may create a self-settled spendthrift trust (i.e., a spendthrift trust for his or her own benefit). Such trusts are also called Domestic Asset Protection Trusts ("DAPT"), and sometimes informally called "Alaska trusts", as Alaska was a pioneer in allowing this kind of spendthrift ...
Continue reading ->The post How (and Why) to Use a Spendthrift Trust appeared first on SmartAsset Blog. Leaving money behind for an heir can be nerve-racking, especially if they're new to managing ...
A Spendthrift is someone who spends money prodigiously. Spendthrift or The Spendthrift may also refer to: Spendthrift (horse) (1876–1900), American Thoroughbred racehorse and sire; The Spendthrift by written Porter Emerson Browne; Spendthrift, 1936 American film; The Spendthrift, American silent film drama directed by Walter Edwin
Here are some signs that you may be a spendthrift. Check Out:... Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in ...
A woodcut from the 1814 edition of Samuel Croxall's The Fables of Aesop. The story appears only in Greek sources in ancient times and may have been invented to explain the proverb 'One swallow does not make a spring' (μία γὰρ χελιδὼν ἔαρ οὐ ποιεῖ), which is recorded in Aristotle's Nicomachean Ethics (I.1098a18). [1]
In 1776 he produced in France the five-act L' avare fastueux (The Spendthrift Miser). [85] The same title was used by L. Reynier for his five-act verse drama of 1794 [86] and by Claude Baron Godart d'Aucourt de Saint Just (1769-1826) for his three-act verse drama of 1805. [87]
[21] Derived from this, a more detailed scale was developed to indicate how much pain was experienced during the process of spending, called the tightwad-spendthrift scale, where tightwads experience higher levels of the pain of paying, as compared to spendthrifts who experience lower levels of the pain of paying.