In California, there are many laws governing trusts. Who are they used for? Who can they benefit, and how can you set one up? These are just a few of the valid questions you may be asking yourself. Today, we will examine who can benefit from a trust.
FindLaw carefully examines the different types of trusts that can be formed. From looking at that, the groups of people or individuals who can benefit from a trust can be determined. Most of these beneficiaries are unable to manage their own finances for one or more reasons. Some such people include:
- The elderly
- People with developmental disabilities, mental disorders, or other handicaps
- People who have suffered from traumatic brain injury