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Used Herein, the Term Trustor Shall Mean All Trustors of This Trust, Whether One or Form

Used Herein, the Term Trustor Shall Mean All Trustors of This Trust, Whether One or Form

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should I set up a trust or just name my kids as beneficiaries on all my assets the main advantage of a trust over naming beneficiaries is your assets will avoid probate when you pass away saving your family time and money can't I name my sister as the beneficiary and have her take care of my kids I don't recommend naming your sister as the beneficiary because it becomes her money and even if you trust her it becomes subject to her creditors so if she was ever in a divorce or in a car crash all of that money could be lost oh but what about when my kids are over the age of 18 when your kids are over the age of 18 a trust offers a lot of advantages including incapacity protection for you and additional asset protection for your kids for example you can protect your assets from their future divorces and creditors it's also more flexibility with a trust to stagger distributions or put in place other conditions aligned with your values

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