This estate planning tool is used by estate planners to pass assets on to a future generation, provide income for people during their lives, and prevent family assets from being mismanaged or spent unwisely.

Question

Quizplus · Accepted Answer

A trust is the best choice as it provides more flexibility and control than a will or life insurance policy. With a trust, the grantor can specify how and when the assets will be distributed to the beneficiaries, and can appoint a trustee to manage the assets and ensure they are used for their intended purpose. This can be particularly useful in cases where the beneficiaries are minors or not good at managing finances.

This Estate Planning Tool Is Used by Estate Planners to Pass