Advantages of the trust fund for the children

Abstract

Trust funds offer a structured way to secure children's financial futures by holding and managing assets under specific conditions. This article examines their benefits, types, and challenges, contrasting them with wills. Key advantages include controlled fund distribution (e.g., age-based payouts or education-only use), tax benefits, and probate avoidance. However, setup costs, administrative complexity, and risks of overdependence pose challenges.