Trusts can be quite useful for protecting children. However, for some children, the trust serves an additional function: It
protects the principal from being rapidly spent by a child. These trusts have a specific name—they are called “spendthrift” trusts.
We log into our email, social media and bank accounts, perhaps dozens of times a day, without thinking about how effortlessly we manage our lives online. But have you ever thought about what happens to these accounts when you die?