Assertion: trust's beneficiary | /r/HasProperty | minor
Facets:
value: with histories of reckless spending habits
type: OTHER
Source sentences:
text: When Beneficiaries Are Minors
text: Generally speaking, there are no strictures as to who may be a beneficiary of a trust; a beneficiary can be a minor, or under a mental disability (in fact many trusts are created specifically for persons with those legal disadvantages).
text: If the insured has beneficiaries who are either minors or adults with histories of reckless spending habits, or demonstrated patterns of alcohol and/or substance abuse, the creation of an ILIT, with a trust as a beneficiary, can help minimize irresponsible behavior.