Does Your Adult Child Need a Trust?

Increasingly more clients are asking about creating a trust for their adult children after they are gone. Reasons can range anywhere from disabilities to financial irresponsibility, substance abuse problems, creditor liabilities or just poor decisions in relationships overall. It is routine for estate planning attorneys to establish trusts for minor children, allowing an independent Trustee to oversee the inheritance for the minors’ support until a designated age. Trusts for adult children can be designed to protect the inheritance you bequest to a child against bankruptcy, divorce, creditor claims, and their own bad decisions. In fact, modern trusts will even allow a mature child to have more say so in how the trust is managed and invested. You can even design a trust to pass from one generation to the next.
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