How can I set up an inheritance so a niece or nephew can’t spend it all at once? | NC

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Q: How can I set up an inheritance so a niece or nephew can’t spend it all at once? A: The most common way is to leave the inheritance in a trust, instead of giving it to them outright. You name a trustee—either a trusted person or a trust company—to hold and manage the money or property and to control when distributions are made. In the trust terms, you can require staggered payouts, like…