Q: My child will turn 18 in a few years & has a (minor)estate. I want to know the process of putting her funds in a trust
With my daughter turning 18 soon, I want to protect her funds. After she turns 18, I am unfamiliar with the process and would like to put it in a trust so that when she turns 18, she will get a lump sum for school, living expenses, and a vehicle. Once she turns 21, and so forth, until she turns 30, she will have full access. I don't want her to use her funds irresponsibly, which are for her and her only. I do not want anyone else to take her funds for their personal use.
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