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• Incremental Payments: The trust was structured to provide financial security, with distributions set for ages 21, 25, and 30, ensuring the beneficiaries had multiple opportunities to manage the funds.
• Asset Protection: By using a trust rather than a direct inheritance, Williams aimed to protect the assets from potential creditors or in the event of a divorce.
• Managed by Trustees: A trustee was appointed to manage the money and had the authority to handle funds for the children's health, education, and support.
• Context: The planning was created in 2009, prior to his death, and was designed to protect his children, with reports indicating a significant portion of his estate was allocated to them.