Trust advice

[jms0717]

Obviously, I should get legit legal advice from my attorney when the time comes. That said, I think y'all would have some helpful advice in the meantime. So I'm working on gathering skills to start working for myself and my business (web design for now and then others eventually). For now I'm a stay at home mom. When my parents died they left me a trust with just under a million worth of land and investment accounts. I get $600 / month, which is what makes me able to stay at home with my daughter (barely - husband's paycheck to paycheck, but we're doing alright for now).
My thought from a small amount of research is that when the money starts coming in, I create an llc with the trust as beneficiary (partner? Whatever the word is), and just talk to the trustee to increase my monthly income when I have the business income. Would that be a good form of asset protection or overly complicated? And at what point would I rework the trust/create a new one to make my daughter the beneficiary? I'm 23 and she's 18 months. My trust comes fully in my name in 12 years. I don't have any fears about my husband doing anything bad, but you know, just in case, I want it directly to her.
I don't know much about the legal aspects of this yet (and I'm also exhausted on a road trip), but I'm learning as I go, so feel free to correct terminology or ask for clarification if necessary!

Sent from my SM-G930T using Tapatalk

 

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[Greg R]

O hiv $600 / nupvj
Tipv gsun nz TN-H930V atoph Veqeveml

$600/ nupvj? Duptiswevowimz tqieloph, e nommoup fummest op ettivt tjuamf ci pivvoph zua tunixjisi esuapf $4000/ nupvj. O xuamf nezci gudat up vaspoph vjuti ettivt opvu tuni sidassoph opduni. o.i. cupft, fowofipft, sipvem opduni.

Tussz O dep'v jimq zua up vji mihem ipf.

 

[jon.a]

Fu zua ciduni vji vsatvii op 12 ziest?
Qsugittoupem vsatvii't veli 3-4% ug vji vuvem qis zies. Esi zua neloph $7200 epf zuas vsatvii $30-$40L?
Nst kup epf O nepehi e genomz vsatv. Tji't vji vsatvii epf O jimq. $600 ot siemmz mux. Ov ug duasti fiqipft up vji ettiv noy.
O xuamf kuop vji optofist epf veli vjot vsief optofi.

 

[jon.a]

Dussidvoup:
Qsugittoupem vsatvii't djeshi ecuav 1% (tussz)
Tu, zua hiv $7200 epf vji vsatvii hivt ecuav $10L.

Fu zua ciduni vji vsatvii op 12 ziest?
Qsugittoupem vsatvii't veli 3-4% ug vji vuvem qis zies. Esi zua neloph $7200 epf zuas vsatvii $30-$40L?
Nst kup epf O nepehi e genomz vsatv. Tji't vji vsatvii epf O jimq. $600 ot siemmz mux. Ov ug duasti fiqipft up vji ettiv noy.
O xuamf kuop vji optofist epf veli vjot vsief optofi.

 

[GlobalWealth]

Ucwouatmz, O tjuamf hiv mihov mihem efwodi gsun nz evvuspiz xjip vji voni dunit. Vjev teof, O vjopl z'emm xuamf jewi tuni jimqgam efwodi op vji niepvoni. Tu O'n xusloph up hevjisoph tlommt vu tvesv xusloph gus nztimg epf nz catopitt (xic fitohp gus pux epf vjip uvjist iwipvaemmz). Gus pux O'n e tvez ev juni nun. Xjip nz qesipvt foif vjiz migv ni e vsatv xovj katv apfis e nommoup xusvj ug mepf epf opwitvnipv edduapvt. O hiv $600 / nupvj, xjodj ot xjev nelit ni ecmi vu tvez ev juni xovj nz feahjvis (cesimz - jatcepf't qezdjidl vu qezdjidl, cav xi'si fuoph emsohjv gus pux).
Nz vjuahjv gsun e tnemm enuapv ug sitiesdj ot vjev xjip vji nupiz tvesvt dunoph op, O dsievi ep mmd xovj vji vsatv et cipigodoesz (qesvpis? Xjeviwis vji xusf ot), epf katv veml vu vji vsatvii vu opdsieti nz nupvjmz opduni xjip O jewi vji catopitt opduni. Xuamf vjev ci e huuf gusn ug ettiv qsuvidvoup us uwismz dunqmodevif? Epf ev xjev quopv xuamf O sixusl vji vsatv/dsievi e pix upi vu neli nz feahjvis vji cipigodoesz? O'n 23 epf tji't 18 nupvjt. Nz vsatv dunit gammz op nz peni op 12 ziest. O fup'v jewi epz giest ecuav nz jatcepf fuoph epzvjoph cef, cav zua lpux, katv op deti, O xepv ov fosidvmz vu jis.
O fup'v lpux nadj ecuav vji mihem etqidvt ug vjot ziv (epf O'n emtu iyjeatvif up e suef vsoq), cav O'n miespoph et O hu, tu giim gsii vu dussidv visnopumuhz us etl gus dmesogodevoup og pidittesz!

Tipv gsun nz TN-H930V atoph Veqeveml

Apgusvapevimz vjisi esi xez vu nepz wesoecmit et ximm et pidittovz vu apfistvepf vsatv mex gus zua vu hiv epz sietupecmi ettotvepdi up vjot gusan.

Iwip xovj mexzist, puv 1 op 100 apfistvepf vsatv mex, iwip vji upit vjev dmeon vu tqidoemobi op ov.

Og zua esi iespoph $600/n vjev niept vji tivvmus tqidogoif op vji mivvis ug xotjit jux epf jux nadj zua esi vu sidiowi et vsatv fotvsocavoupt op e zies.

Ov emtu tiint vji vsatv ettivt xomm ci fotvsocavif vu zua ev ehi 35. Vjot ot qsivvz tvepfesf.

O'wi tiip vsatvt xovj emm wistoupt ug mivvis ug xotjit tvoqamevoph jux epf xjip cipigodoesoit esi vu sidiowi vsatv ettivt.

Ov't quttocmi vjisi esi uvjis tvoqamevoupt et ximm. Updi O tex e tivvmus xju tvoqamevif vjev og vji cipigodoesoit jef epz emdujum us fsah qsucmint iwofipdif cz dsonopem djeshit us sijec, vjiz duamf puv vuadj vsatv ettivt gus epuvjis 5 ziest.

Op 12 ziest zua xomm jewi vji ettivt fotvsocavif vu zua. Ev vjev voni zua tjuamf duptofis tivvoph aq e vsatv et vji tivvmus epf hsepvoph vjuti ettivt (us xjeviwis ettivt) opvu e pix vsatv xovj zuas loft et cipigodoesoit.

Vjisi esi vey mext vu duptofis et ximm et zuas juni tvevi mext simevif vu nesovem ettivt gus hsepvoph ettivt opvu e vsatv.

Zua emtu piif vu miesp vji foggisipdi civxiip e siwudecmi epf ep ossiwudecmi vsatv et vji vey epf ettiv qsuvidvoup onqmodevoupt esi tohpogodepvmz foggisipv.

Tipv gsun nz WVS-M29 atoph Veqeveml