How it works
May be revocable or irrevocable. Terms set out how and when family beneficiaries receive income or principal, often with trustee discretion.
Common uses
- — Multi-generational planning
- — Providing for minors
- — Coordinated family asset management
Key considerations
- — Label alone carries no special legal status
- — Generation-skipping transfer rules may apply
- — Clear governance helps reduce family conflict
Educational content only. Not legal, tax, or investment advice. Trust law differs by jurisdiction. Consult qualified professionals before acting.
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