so you should consult an estate attorney, not a financial advisorThat's exactly what the FA said and he's helping us in that regard...score one for the FA ;)Also, if you fear both parents dying while you child is too young to handle money (for some, this can go far into adulthood), a trust would name a trustee and whatever conditions or limitations you might want to impose (such as the age of final distribution)I think this is the primary reason we would want a trust. I think I would have been ill equipped to handle 6 or 7 figures when I was in my 20s and I know I'm better than most.-murray
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