A: Assets. Money, unit trusts, listed shares, and most importantly, a, or multiple life insurances or policies. Including a life insurance/policy brings stability to the trust and guarantee the child is financially comfortable throughout his or her life.
Other things that parents can include in the trust are payments for guardians or caretakers of the child, day-to-day cost of living, and more importantly, the name of the caretakers or guardians of the child once their parent passes.
A: One should always be mindful to contact their real estate planner every two years to review and/or if necessary, amend the details of the trust.