Question

To provide for the education of minor children would not be a reason to set up a trust. True False

Answer 1

Answer: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.

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

Step-by-step explanation: