Currently I am in the rough draft of a trust, before taking it to an attorney.
Here is my situation. I have received some not so good news regarding my health and my children are still quite young. Should anything happen I want to leave them with something and avoid probate.
Should I give the trustee absolute discretion for the payment of principal and income before my children graduate from high school or should I give the trustee that discretion after they graduate? Does it make sense to give the trustee the discretion only when they graduate?