Legal guardianship support trusts
A trust to support the guardianship system provides backup to the management of the assets of wards under the guardianship system. Wards entrust cash with trust banks and other institutions, and the guardian makes regular payments from the funds in the trust to the savings account managed by the guardian in order to provide for the ward's living expenses as well as special one-off payments for medical expenses and other requirements.
Under the trust to support the guardianship system, the entering in the trust agreement, special payments from the trust, change in the terms of the trust, and procedures for terminating the trust follow written instructions from the family court; thus, the family court's involvement ensures safe preservation of a ward's savings.
Legal guardianship support trusts
Specified planned-giving trusts | Legal guardianship support trusts | Qualified educational fund giving trusts | Marriage and childcare support trusts | Employee stock ownership plan trusts | Testamentary substitute trusts/ Successive life interest trusts | Trusts With Certificates of Beneficial Interests | Security trusts | Emission credits trusts | Intellectual property rights trusts | Trust-type rights plan
Types of trusts | Money trusts & Loan trusts | Investment trusts | Family trusts·Inheritance - related operations | Real estate trusts·Real estate business | Pension trusts | Asset formation trusts | Asset securitization type trust(monetary claims trusts, real estate trusts) | Securities trusts | Securities trusts (specified money trusts, fund trusts) | Stock Transfer Agencies | Charitable trusts | Specified donor trusts | Product expectations
