Estate Planning & Living Trusts
35. You control inheritance
One of the most powerful benefits of a trust is, unlike a will, a trust doesn't have to die with you. Assets can stay in your trust, managed by the trustee you select, until your beneficiaries reach the age(s) you want them to inherit.
Does this remind you of anyone in your family? If so, you may prefer to give children or grandchildren their inheritances in installments, so they have more than one opportunity to use the money wisely.
Or if you are concerned about the spending habits of one of your beneficiaries, you could provide periodic income and keep the rest in the trust.