Trust accounts can be set up until someone is 21yr old and even if you feel it's a bad idea it's the reality of being a type of share holder.  A lot of kids receive dividends as share holders as well.  Your age doesn't limit what you're eligible for as a recipient.  To ban children from receiving their share of dividends you really put yourself into a situation for a lawsuit.  

Hence why a trust situation would have been better. Money can be held in trust for someone until they are old/mature enough to manage it themselves.  But it's really under the same guidelines as shareholders in any other dividend program. Kids remain eligible.  The issue is giving the money to the parents as trust holders.  It gives people an incentive to breed for $. Which I've sadly seen firsthand. Take a trip to the welfare office sometime. Plenty of underage pregnant minors on ATAP. A reasonable person understands having kids is expensive.  Some people rely on the state to care for them.