Trust Me Not
Husband loves his wife and wants to protect her in case he dies prematurely. His concern is his wife's inexperience in handling large sums of money. Husband's advisors counsel him to leave sufficient money in trust for his wife and out of the trust's income pay her a monthly allowance. To cover any unforeseen contingencies, his trustees could be given discretion to draw upon the capital of the trust under certain situations. She is the sole beneficiary of the trust so everybody is happy ... right? Maybe not.
