Is a trust a better choice?
You could alternately use a trust to provide for your minor child when you are planning your estate, and this is more efficient some ways. One option would be a revocable living trust, which is a comprehensive estate planning tool.
There would be no loss of control of the assets, because you would act as the trustee while you are alive and well. You would name a successor trustee to step into the role after your passing, and your heirs would be the beneficiaries, including an underage child.
After your death, the trustee would administer the trust, and they would be bound by instructions that you record in the trust declaration. The trustee would use the assets for the benefit of the child, and direct distributions to the beneficiary could commence when they reach adulthood.
A testamentary trust is another type of trust that can be used for inheritance planning for minor children. This is a trust that is contained within a will, and it would go into effect after the death of the grantor.