Advantages of a Trust For Descendants

There are many advantages for leaving property in trust to descendants instead of leaving it to them outright. The degree to which each advantage is realized depends on the trust terms. Here are several advantages of using a trust.

1. A trust provides a mechanism for investment and management.

2. A trust prevents the beneficiary from squandering the property.

3.  A trust protects the property from claims of the beneficiary's creditors, including claims of a spouse upon divorce or the beneficiary's death.

4.  A trust enables the creator of the trust to control the ultimate disposition of the trust property instead of the beneficiary.