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Who can benefit from a trust?


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Who can benefit from a trust?

Question: Who can benefit from a trust?

Answer: The person that can benefit from a trust includes not only the grantor that sets it up but also the family members. I have found that money can be a curse and that when individuals receive inheritances; the trust is a document to allow that individual to receive the property over a period of time so that the property is not depleted within a few years. The statistics typically provide that within 5 years 85% of the money is spent by heirs when they receive it so the purpose of a trust document is to provide for the long term financial security of the heirs.

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