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>rather get monthly amounts via a trust. That way, downside is limited. Unless the trustee is a scammer, or worse, one of several adult children who don't agre
by PopAlongKid 4y ago
>rather get monthly amounts via a trust. That way, downside is limited.
Unless the trustee is a scammer, or worse, one of several adult children who don't agree on how finances should be managed.
- andsoitis 4y agoRigorous trust design is important. Firstly, you have to trust the trustees (so you "scammer" risk is irrelevant). Secondly, it is typical to mitigate against a single trustee not acting in good faith by have an odd number of trustees.
- PopAlongKid 4y ago>you have to trust the trustees (so you "scammer" risk is irrelevant). So you are saying that if you trust the trustee, they can't be a scammer? I don't agree.
- andsoitis 4y agoI don’t know whether you’ve ever established a trust (I have), but the whole point in selecting trustees is that you trust them. They’re not some random person who duped you into a scam. They might break your trust (as the person who originated the trust) but that’s not the same as a scammer. A scammer is someone who who commits or participates in a fraudulent scheme or operation.