Question

To provide for the education of minor children would be a good reason to set up a trust. true or false?

Answer 1

The correct answer is false. I know this because it was on my test and was marked correct. The education of minor children are important but not a good reason to set up a trust.

Answer 2

That statement is True

in this case, Trust fund became a good reason because it is safe from all the financial risks, because trust fund is irrevocable.

Which mean, the moment you put the trust fund for your child, the amount will be safe whether you go bankrupt or get divorced