A sprinkling trust is a type of controlled trust that controls the rights of the beneficiaries of the trust. This usually means that certain limits, restrictions and expectations come with being a beneficiary. Sprinkling trusts gives the trustee the right to determine the distribution of assets between beneficiaries.
Use sprinkling trusts whenever a beneficiary needs added restrictions or requirements. Sprinkling trusts provide peace of mind for those with special needs beneficiary or a beneficiary who lacks the ability or experience to make good financial decisions. Create sprinkling trust documents to:
1. Control how the beneficiary uses all or some trust assets, including principal and interest.
2. Provide for the needs of loved ones with a disability who needs a special needs trust.
3. Maintain a level of control of how beneficiaries share the assets of a sprinkling trust.
Find sprinkling trust information from sprinkling trust specialistsA sprinkling trust is a complex estate planning tool. To get the most benefit from this type of trust requires the right trust language. Getting the right Sprinkling Trust advice means better sprinkling trust management and appropriate control over trust assets for the benefit of your loved ones.
Create sprinkling trust documents with online tools and resourcesBecause a sprinkling trust can be both an irrevocable living trust or revocable, depending on what type of trust you have, they are relatively easy to produce with the right online tools and forms. Do it yourself trusts are a great resource when time is an issue and a trip to the attorneys office isn't possible.
Work with a sprinkling trust expert to determine if a sprinkling trust is right for youDuring life's most difficult moments, getting the right answers before you need them is priceless. Sprinkling trust management can be confusing without the right expert services on your side. Choosing a qualified trust and estate attorney takes the worry out of making the right choices for your particular situation.
- Any type of trust requires a higher level of capacity than that of "sound mind" applicable to wills. The required capacity is similar to contractual capacity such as that needed to sign a deed.
- Notarize any type of trust, including a sprinkling trust, in case it needs recording with the Register of Deeds.