Chldren's Trusts

Childrens’ Trusts:

The Trustees have power to use the income produced for the children’s benefit or accumulate it. The children have a right to the income when they reach eighteen (or perhaps later). The trust fund can also pass to the child at that age or even later, although in the mean time it can be used for their benefit.  Such a trust could also be created for a improvident or financially vulnerable Beneficiary so that he or she does not get the trust fund until later in life.