Arkansas Code Title 28. Wills, Estates, and Fiduciary Relationships § 28-72-701. Definitions

(1) “Adviser” means any person, including without limitation an accountant, attorney, or investment adviser, who gives advice concerning or was involved in the creation of, transfer of property to, or administration of a spendthrift trust or domestic asset protection trust, or who participated in the preparation of accountings, tax returns, or other reports related to a trust;

(2) “Creditor” means a person with a claim;

(3) “Document” means a will, trust, or instrument;

(4) “Domestic asset protection trust” means a self-settled, first-party spendthrift trust;

(5) “Remainder beneficiary” means a person entitled to receive principal when an income interest ends;

(6) “Settlor” means:

(7) “Spendthrift trust” means a trust that, by its terms, imposes a valid restraint on the voluntary and involuntary transfer of the interest of the beneficiary.