One spouse could be given special powers, such as a power to withdraw a fixed amount of trust property each year or a power to appoint trust property (in equal or unequal shares) among your descendants.
An Islamic bank cannot offer a fixed interest rate to those who trust their savings to it for safekeeping, but it can give them a gift that acknowledges the time value of money in appreciation for the use of funds by the bank.
The idea is that if you band with a group of people you know and trust and each agrees to contribute a fixed amount every week for a number of weeks equal to the size of the group, every person can have their turn to take the collective pool.
Over the past decade, as fixed-income rates and stock dividends have shrunk, the ranks of cash-strapped trust fund babies have grown ( see story, p. 60).
The amount of money can be fixed (such as a dollar or percentage amount) or it can be the amount of income generated by the trust so long as it meets the thresholds under the Tax Code.