Who typically manages a spendthrift trust until the beneficiary reaches a certain age?

A spendthrift trust is specifically designed to protect the beneficiary's assets from their own potential mismanagement, particularly when it comes to controlling spending or preventing creditors from accessing those assets. The management of such a trust is entrusted to a trustee, who is responsible for overseeing the trust and ensuring that the assets are managed in accordance with the terms set out in the trust document.

The trustee has a fiduciary duty to act in the best interests of the beneficiary, managing distributions and investments responsibly until the beneficiary reaches the specified age or fulfills other conditions defined in the trust. This structured oversight is crucial as it helps prevent the beneficiary from making impulsive financial decisions that could jeopardize their future financial stability. Therefore, it is the trustee who plays the key role in managing a spendthrift trust, ensuring that the intent of the trustor is carried out while also safeguarding the assets for the beneficiary's eventual use.