Trust funds allow parents and grandparents to ensure that children receive their inheritance slowly over time, rather than receiving it all at once at the age of 18. There are many factors to consider when creating a trust fund, but the impact of the trust on the beneficiaries is one of the most important considerations.<\/p>\n
Structuring a trust is an individual process, and should be done with an appreciation for the family\u2019s unique situation. For example, many people in their late teens do not have the responsibility or knowledge to handle a large inheritance, and their personal growth and achievement may be hindered by a windfall of cash. In addition, some teens go directly to college after turning 18, while others take a different path.<\/p>\n
One common way to structure a trust fund with a large amount of money is to allow the trustee, who is in charge of managing the trust, to (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Trust funds allow parents and grandparents to ensure that children receive their inheritance slowly over time, rather than receiving it all at once at the age of 18. There are many factors to consider when creating a trust fund, but…<\/span><\/p>\n