A document that controls when your children will be able to access the money you've left them. Frequently the trust provides for equitable payment of college costs for each child. Then assets are distributed as you direct. Many times parents will choose to stagger when the money is paid out -- for instance, one third at age 25, one third at age 30, and the final third at age 40.

See Testamentary Trust.

A trust included in your living trust. If, when you die, a beneficiary is not of legal age, the child's inheritance will go into this trust. The inheritance will be managed by the trustee you have named until the child reaches the age at which you want him/her to inherit.

A trust set up as part of a will or outside of a will to provide funds for a child.

Tadworth Court, Tadworth, Surrey KT20 5RU Tel: 01737 357171 Fax: 01737 373848 E-mail: c-trust@netcomuk.co.uk Web address: www.childrens-trust.org.uk Provides specialist care, rehabilitation and education for children with profound difficulties. It provides short-term, transitional, respite and palliative nursing, therapy and medical care; specialist school education; and rehabilitation and outreach care in the home to support individual children and their families.