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10min chapter
The BEST AI Stocks to Invest In (Money Q&A)
The Personal Finance Podcast
Investing Strategies for Children and Setting Up Trusts
This chapter covers preventing kids from spending their investment money early from a custodial brokerage account and discusses various options for investing for children, including utilizing trusts to control the distribution of assets when they reach a certain age. It delves into the differences between revocable and irrevocable living trusts, the process of setting up a trust, appointing trustees, and exploring customization options like milestone and needs-based distributions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode