To provide for the education of minor children would be a good reason to set up a trust. true or false?

Question

Corbin Johns

Social Studies

13 January, 05:19

To provide for the education of minor children would be a good reason to set up a trust. true or false?

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Answers (1)

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Ansley · Answer 1

That statement is True

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