Do I Need a Trust?
*One should consider whether the establishment of a trust would be beneficial, especially where minors or individuals with a disability are involved in order to adequately protect their needs in the future.
*Money or property left to a minor outright in a Will will be overseen by a Court or someone appointed by a Court.
*Money or property left to a minor through a trust, whether a testamentary trust set forth in a Will or a separate trust agreement, is handled by the trustee selected by the maker of the trust in the way the trust sets out.
*Thus, having a trust can allow more control and direction over how a minor’s property will be handled and by whom.