Q: I am establishing a Trust fund for my only daughter. I would like her acquisition of the trust to be formally a function of her coming of age but also including certain performance achievement metrics, e.g. college grades.
A: The trust is only limited by your imagination. The key is to communicate with your attorney and make sure the assets are distributed according to your wishes. If you want to make sure your daughter is going to college in order to get distributions, then make sure to have that written into your trust by your attorney. You want to make sure that you have a competent trustee to administer your trust and deal with the distribution of the trust assets. A corporate trustee has the expertise in handling the complexities of trust administration.