The Continuing Underage Child Trust

If a beneficiary of a Trust is under the age of distribution outlined in the agreement, his or her share shall be held and administered as a separate Trust. The document will outline how and when the funds will be distributed to, or on behalf of, the beneficiary. Generally, the Trust will allow funds to be used for the beneficiary’s proper care, support, health, maintenance and education, in their accustomed standard of living. The Trustee is often given the power to pay to, or apply for the benefit of such beneficiary, amounts from the principal of the Trust estate up to the whole thereof, as the Trustee may from time to time deem advisable. At such time as the beneficiary attains the age of distribution, the Trustee will distribute to such beneficiary all of the balance of his or her share of the Trust Estate, free of Trust.