The trust is the very best vehicle for protecting assets for young beneficiaries. The trust in this program provides that a share left for someone under the age of 30 can be held in trust for their benefit so that the older, wiser trustee can decide how much or how little of that share should be spent for their benefit. If the beneficiary needs every penny to go to Harvard Medical School at the age of 21 they can have it. If the beneficiary is riding around the countryside on the back of a Harley at 25 we don't have to give them anything. The point is, we want to have management until they're at the least the age of 30. In my experience, what we say is, "From hormones to 25, all bets are off." It's not until 25 to 30 that people actually mature. You do not do people a favor by giving them money too young, which they can never make back in their lifetime, should they spend it inappropriately. Under a will, you can also create a trust, but you would have to create that trust by going through the courts and it's going to be more expensive. If you do not specify a trust within the will itself then the child receives the money when they're 18. If you simply designate a child who is a minor as a beneficiary, with no other provisions in the will, then the courts have to establish a guardianship which will cost thousands of dollars. The money will be put in a blocked account which cannot be touched without a court order and the child will receive every penny at the age of 18. It is the biggest mistake we see to designate children as the beneficiaries of life insurance policies unless those children are at least the age of 30. If you have a trust, you designate the trust as the beneficiary of life insurance and then you have no issues of guardianship, no issues of getting the money at 18.