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2. Testamentary trust - Wikipedia

   en.wikipedia.org/wiki/Testamentary_trust

   A testamentary trust provides a way for assets devolving to minor children to be protected until the children are capable of fending for themselves; [3] A testamentary trust has low upfront costs, usually only the cost of preparing the will in such a way as to address the trust, and the fees involved in dealing with the judicial system during probate.

3. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   Many create trusts to protect family members from themselves. It is not unusual [citation needed] to see a will in which four children get funds free of trust or any other encumbrances from their father but a fifth child's funds are all or mostly placed in trust. This is usually for good cause – drug abuse, demonstrated inability to hold onto ...

4. Elective share - Wikipedia

   en.wikipedia.org/wiki/Elective_share

   In most states, the elective share is between one-third and one-half of all the property in the estate, although many states require the marriage to have lasted a certain number of years for the elective share to be claimed, or adjust the share based on the length of the marriage, and the presence of minor children. Some states also reduce the ...

5. Trust (law) - Wikipedia

   en.wikipedia.org/wiki/Trust_(law)

   Fixed trust: The entitlement of the beneficiaries is fixed by the settlor. The trustee has little or no discretion. Common examples are: a trust for a minor ("to x if she attains 21"); a 'life interest' ("to pay the income to x for her lifetime"); and; a 'remainder' ("to pay the capital to y after the death of x")

6. Should Your Wealth Plan Include an Entrepreneur’s Trust for ...

   www.aol.com/wealth-plan-entrepreneur-trust...

   A trust provides asset protection for generational wealth and helps with estate planning. You may not need to consider starting a trust unless you have assets worth more than $10 million ...

7. Do I Need an EIN For a Trust After Death? - AOL

   www.aol.com/ein-trust-death-140000729.html

   The death of a family member is always challenging and evokes difficult emotions for everyone involved. Unfortunately, tax problems brought on by a trust can sometimes be one of the stressors.