Can I use a trust to protect money for my child's future? | NC

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Q: Can I use a trust to protect money I want to save for my child's future? A: Yes — a trust can be a very good way to set aside money for a child while keeping control over who manages it, when money can be paid out, and what it can be used for. If you want broad, long-term control, a third-party trust is often a better fit than putting the money directly in the child's name. A custodial…