A children's trust controls when your children will be able to access the money you've left them. Frequently the trust provides for equitable payment of college costs for each child. Then assets are distributed as you direct. Many times parents will choose when the money is paid out - for instance, a percentage at age 20, a percentage at age 30, and the final percentage at age 40.
Any one who has ANYTHING of value to protect, needs to be in TRUST!
Friday, February 15, 2013
Childrens Trust
A children's trust controls when your children will be able to access the money you've left them. Frequently the trust provides for equitable payment of college costs for each child. Then assets are distributed as you direct. Many times parents will choose when the money is paid out - for instance, a percentage at age 20, a percentage at age 30, and the final percentage at age 40.
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