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Reply to "Testimentory trust for minor children - what terms would you put on it?"
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[quote=Anonymous]After seeing first hand how difficult it can be to find a trustee, we give control our kids control of their own trusts/inheritance at age 30. It isn't worth it for a family member to be in control of a trust that they don't benefit from because it is a lot of work. I'd do it for minor kids but there is no way that I'd want to do it for grown nieces/nephews or other family members. Doing it for a friend would be even worse. Institutional trustees seem great but we've really had trouble with them. [/quote]
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