TSEM6323 - Legal Background to Trusts and Estates: Minor Beneficiary of A Trust - Capital vests later than the age of majority
A settlor may not want property to go to a beneficiary immediately they become an adult. »Ê¹ÚÌåÓýapp beneficiary could be too immature to handle their financial affairs. »Ê¹ÚÌåÓýapp trust deed would stipulate that the property remained in trust until the beneficiary becomes absolutely entitled on attaining a greater age.
From the age of majority until age 25, the beneficiary would usually be entitled to the income arising. »Ê¹ÚÌåÓýapp settlor could include alternative instructions in the trust deed.