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Some additional conditions and uses for which a trust should be considered are as follows:
• When the beneficiaries are minors.
• When dependents are incapacitated.
• When a beneficiary is a spendthrift or incapable of managing the business.
• When the beneficiary is a person who does not desire to worry or be bothered with the business responsibilities.
Many professional trustees, such as banks and trust companies, have special arrangements for handling farm trusts. Generally banks charge 1/2 to 1 percent of the trust principal per year. This charge may vary depending on size and nature of the trust. On the other hand, a relative or a person having management experience and qualifications and trusted by the family could be named as a trustee.