Although this is not binding upon the Probate Court, the parents' wishes will be given careful consideration. Sometimes, it may be appropriate to give someone other than the guardian control over the minor's money. For example, a trustee could manage the money, while a guardian provides a home. The will or another document may appoint a trustee. Often, the trustee pays bills and provides other services.
Trusts are tax-planning tools in larger estates.
A living trust is a trust which is created during life rather than in a will. For Latin students, this is an Inter Vivos trust. A trust is sometimes used to provide management for property where many people have interests in the same property. For example, leaving a single piece of real estate to 22 grandchildren might be done by means of a trust. The trustee administers the trust, as the personal representative administers the estate.