Setting up a trust is the best way to provide for minor children by naming a guardian and also assures that children will be given complete care in throughout their growing age. Many times, trust decide the way children can claim their inheritance as well. Do you really want your children to inherit the entire inheritance when they are eighteen? A trust can help you to designate the ages and the increments at which your children will receive distributions.
Decide the segregation of your property. By doing so, you can decide, how you want to disintegrate your property and assets. Without a trust (or a will), no part of your property can be distributed to a charitable organization.
Leave options for friends. If you want to give a percentage of profits to your friends, only a trust can accomplish this option. Probate Court can never distribute assets to someone who is not your heir if you have not created a trust or a will.
Give for a disabled beneficiary. Having a well-defined trust can help in making provisions for a disabled beneficiary as well.
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