Spendthrift

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Spendthrift

One who spends money profusely and improvidently, thereby wasting his or her estate.

Under various statutes, a spendthrift is a person who wastes or reduces her estate through excessive drinking, gambling, idleness, or debauchery in a manner that exposes that individual or her family to indigence or suffering or who exposes the government to expense for the support of that person or her family.

When authorized by law, a guardian can manage a spendthrift's property. The purpose of the guardianship is to protect the ward and her property from her wasteful habits. Statutes that provide for the guardianship of spendthrifts are based on the right of the government to protect the property of its citizens for the benefit of themselves and their families and the community.

Cross-references

Spendthrift Trust.

See: improvident, prodigal, profligate, profuse

SPENDTHRIFT. By the Rev. Stat. of Vermont, tit. 16, c. 65, s. 9, spendthrift is defined to be a person who by excessive drinking) gaming, idleness or debauchery of any kind, shall so spend, waste, or lessen his estate as to expose himself or his family to want or suffering, or expose the town to charge or expense, for support of himself or family.

References in periodicals archive ?
It means Scattergood will be monitored and subject to recall to prison at any point for eight years after he is released.
will spend March working with the Scattergood Foundation and Jane Addams Place on an implementation plan and crowdfunding campaign to bring the winning design to life.
Scattergood acknowledges this briefly in his introductory chapter and returns to it intermittently in discussion of individual works; his focus in the book is not primarily on textual matters, however, but rather on the elucidation of the traditions and contexts informing Skelton's practice.
In chapter ten Scattergood returns to issues of ownership and circulation of medieval manuscripts in a fascinating analysis of the connection(s) between the Massy family of Cheshire and the writing of Middle English alliterative poetry (Sir Gawain and the Green Knight and the alliterative St Erkenwald in BL MS Harley 2250).
LATEST NEWS: Aston's Operations Director John Deighan, left, and Sales and Marketing Director Austen Scattergood prepare to take the time capsule into the roofspace of the Aston Hotel Sheffield/Rotherham
Scattergood is a long-time customer of City Carton Recycling, Iowa City, Iowa, who nominated the school for the award.
but whenever Mulholland's aqueduct ran downhill, Scattergood stuck a turbine at the bottom.
In a short opinion typical of the period, Isaac Marston, chief justice of the Michigan Supreme Court, writing for a unanimous court, wavered between a rationale that would find DeMay liable on a theory of fraud (for not having explained just who Scattergood was when they arrived at the Robertses' house that night) and a rationale that would find Scattergood liable for assault and battery (for having touched Alvira Roberts without her informed consent).
As Scattergood himself said, "the law is the law," and he broke it, persistently.
Swell' (210) is the reading of the best editions, Dyce and Scattergood, and appears all the early printings.
Then Kelland turned to writing fiction for adults and in 1921 won fame with his stories about Scattergood Baines, his most vivid creation.
Chad Hull, head of investment banking at Boenning & Scattergood, continued, "Charlie and Mike have the same client-first approach that we have built at our firm over the years.