Reply to Testimentory trust for minor children - what terms would you put on it?

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[quote=Anonymous][quote=Anonymous]Ours would probably be about the size of OP’s, maybe a bit larger, and IIRC we basically provided for support education, down payment, marriage and then chunks to be disbursed along the way with everything done by 40 or 45.

I remember making the will and thinking I was old enough to manage my money and there was no reason not to trust my kid at the same age.

OTOH I know a lawyer who I respect a lot who thinks [b]trusts should never terminate[/b] because that way a child who gets married and divorced will keep that money separate. Maybe if we had more money we’d worry about that but I had no desire to make my kid deal with a trust for life in case they got a divorce. [/quote]

Is this possible? Can a trust be set up such that the beneficiary is allowed to draw down money as specified but keep the rest of the assets in the Trust in perpetuity so it is separate from marital assets?  Can a beneficiary of a trust also become the executor at a certain point in time?[/quote]

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