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Reply to "Testimentory trust for minor children - what terms would you put on it?"
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[quote=Anonymous][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] Executors can be paid from the trust if you set it up to do so. That way the work they do is paid for and you also can make it worth their while to do so.[/quote]
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