What is Continuing Trust?
A continuing Trust for a beneficiary represents any situation where you wish to delay outright distribution of an asset. For instance, if you have minor children, then you may wish to provide that if something happened to you, they will not receive their inheritance outright until age 25 or 30, and that until that time it will be held in a trust for their benefit, with the Trustee paying any necessary or appropriate expenses, but not allowing the children to waste or dissipate the money. Sometimes parents have concerns about specific children and their patterns of behavior, such as drug use or a wasteful nature, and wish to benefit the children without allowing them free access to do whatever they want with the money. Similarly, parents or grandparents may have concerns about minor children and the effect a substantial inheritance can have on their work ethic and motivation. Alternately, you may wish to limit certain amounts set aside for children, grandchildren, or other beneficiaries
