When Should Heirs Have Powers/Distributions?

The Trust allows you to control the timing of gifts to individuals.

For example, minors cannot own property; the Trust appoints a Trustee to manage the assets and pay to or for the minor's for health, education, and standard of living purposes, any amounts which the Trustee believes appropriate.

At some point, perhaps the heir does not need supervision, and can own some or all of the assets outright, or may manage them for himself inside the Trust.

You may state that the "magic event" to convert the heir into owner/Trustee may be:

a specified age (all at age 18);
in stages (one-third at 21; one-third at 35; one-third at 99);
graduation from Wharton Business School;
when Uncle Bob says the heir is mature enough; or
some combination of these events, such as:

If Sammy has graduated from college, he gets:
½ at 25 and
½ at 30;
if he never graduates, Uncle Bob manages it for him until Sammy is 35.

When the "magic event" happens, the heir becomes owner/Trustee.

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