To provide for the education of minor children would not be a reason to set up a trust. True False

Question

Nellie

Mathematics

22 February, 12:55

To provide for the education of minor children would not be a reason to set up a trust. True False

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Mylie Lam · Answer 1

Answer:The correct answer is false. I know this because it was on my test and was marked correct. The education of minor children are important but not a good reason to set up a trust.

in this case, Trust fund became a good reason because it is safe from all the financial risks, because trust fund is irrevocable.

Which mean, the moment you put the trust fund for your child, the amount will be safe whether you go bankrupt or get divorced