That depends on their acumen, their life circumstances and even maybe on who's whispering in their ear, and you know your benes better than I do.I guess the only advantage for this setup is to ensure that the beneficiary doesn't empty the account all at once, which most probably would.
But you also might want to consider that your co-trustee, the one you have in place to stop the bene from depleting the account, may not cherish accepting a position where they have to battle the bene or repeatedly say no to them. This may not be a problem for a trust company, but certainly might not be something a friend or relative wants to get involved with.
And then again, there may be circumstances where you'd want the bene to be able to withdraw large amounts, maybe to buy a house, maybe to start a business, maybe to pay for a medical expense, and you wouldn't want to make it tough for them to do that.
Statistics: Posted by Mullins — Tue Sep 30, 2025 4:33 pm — Replies 10 — Views 583