Bare trust funds. Advice needed.?

Is it possible to set up a bare trust for a child but to stipulate that the proceeds are not to be made available to the child until the age of 25?


Specifically, can you prevent the child from having access to the money at 18?





Advice from accountants, bankers and solicitors would be most appreciated.Bare trust funds. Advice needed.?
You can stipulate the terms of the trust, including the manner in which the money is released, to whom, and what age and in which circumstances. For example, it's not uncommon to stipulate the money is released on marriage.





Unlike the previous answer, and depending on the size of the fund, I would strongly recommend a professional trustee (such as a solicitor or accountant) to administer the trust, especially if it is to be conditional on a certain event.





Not only do these professional administer trusts regularly, they can give advice to the beneficiary at the appropriate time about the then tax implications of his/her trust income. If something untoward happens.





They are also insured against the money getting 'lost'.Bare trust funds. Advice needed.?
You can make it where the money does not get released to the child until it turns 25.





From my own experience it is best to have the money given completely at the age you designated but not in a trust with a trustee.





I have seen it too often that trustees begin to look at the money as theirs because of all the power they have over it and too many times the money is stolen from the beneficiary.





It does not matter how much you trust the trustee of your choosing cause once they become the trustee covetousness settles in. It has happen more than it does not.





So give it to the child with out strings attached cause if you are deceased the child will not have a unwanted burden.
Please consider a gradual release!





I had a friend who inherited a great deal on her 18th, before that the shack her family lived in didn't even have a bathroom. Her parents took care of her Juvenile Diabetes, but the cost was very high, and her mother was strict with her as she'd nearly died for sneaking candy.





She got to college, and started going wild. As soon as she got the money she bought and bought and bought. She stopped going to class, and only did fun things, mostly things her parents had forbidden for her health. Before the end of our sophomore year she was hospitalized, flunked out of college, and had a bf of sorts steal from her. Last I heard she was finally going back to her mom.





Also consider that they might need an allotment for college tuition.