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Living Trust for Husband and Wife with Minor and or Adult Children Iowa Form

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Living Trust for Husband and Wife with Minor and or Adult Children Iowa Form

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some people say to name the trust is a beneficiary some name the children i'll wait which should i do welcome to berries bites please join our host attorney and advisor chris berry [Music] depends on what type of trust you have if you're relying on beneficiary designations to pass assets like you just name your kids as beneficiaries then you're basically launching a pillowcase of money at them and that could be a problem for one or two reasons one could be their own poor financial mismanagement so if you have any beneficiaries or children that maybe can't necessarily manage money or maybe are minors you don't want it to go all right to them instead you want to have a trust set up and maybe someone else manages it but the second issue why you might not want to rely on beneficiary designations i see a lot of trust that say outright distributions which i'm not really a huge fan of is because while we might trust our children to have make goo

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