Legal Question in Wills and Trusts in Florida

That means that it's left for the person's benefit, but the funds are managed by a third party (trustee) for a period of time. People do this because they don't want the money being distributed all at once. For example, I might want to leave all my money to my children but I would be concerned that they would spend it foolishly. Thus, I would leave it to them in trust. The trustee would distribute portions of it to them over time. That way, the money is professionally managed on my kids' behalf, and they don't have unfettered access to it.