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Minor Children - Trusts

If any beneficiaries under your estate are too young or inexperienced to handle the money they will inherit, you may wish to have that person’s money held in trust for them. Generally, the trust will have a “power of invasion”. This gives the Trustee the ability to spend the money to pay for whatever you direct. For instance, the Trustee can buy the beneficiary a computer or a car, can pay for college and even make a house down payment. The Trustee will handle the money for the beneficiary during the term of the trust. You need to decide at what age or ages that you want the trust beneficiary to receive the money to spend as he or she determines, free and clear of the control of the Trustee.