Take Care of Your Children
Creating a Trust for minor children allows you to set rules for the use of your assets. For example, you can dictate that a child can access the funds only after they reach a certain age. Until your child reaches the designated age, the named trustee could be allowed to use funds in the Trust to pay for your children’s health care, education or upbringing. You could also, for example, stipulate that certain funds could only be used for college tuition payments.
Trusts are a great way to safeguard your children by making sure your money is protected and that it’s used to care for your kids according to your wishes. Depending on your family and your life, a provider lawyer can tailor a Trust to meet your specific needs. Each state has laws governing Trusts. Join LegalShield today and contact your provider law firm for assistance.
The Right Trust for Your Needs
Should you use a Living Trust, Testamentary Trust or a Revocable Trust?
There are a variety of types of Trusts and each one provides different benefits. Trusts can help you:
- Manage estate tax
- Designate heirs
- Care for children with special needs
- Care for minor children
- Give to charity
Assign Assets to Avoid Probate
Probate can take up to 2 years to resolve an estate, running up legal bills of more than $12,000, on average. Transferring assets to a Trust allows them to pass without the hassle of Probate. Trusts are a powerful tool to avoid Probate and are available for estates of any size.
Dive Deeper into Estate Planning
Select a topic to learn more:
Last Will & Testament
Living
Will
Probate
How LegalShield Works
Finding solutions to your legal issues doesn’t have to be stressful, complicated or expensive.
LegalShield puts the power of legal representation within reach of any individual, family, or business. We work hard to make it easy, simple, and affordable to get the legal help you need, when you need it.
Krizia Verplancke of provider firm Davis, Miles, McGuire, Gardner has been serving LegalShield members since 2017.
Spencer Tadashi Schiefer of provider firm Davis, Miles, McGuire, Gardner has been serving LegalShield members since 2011.
Michael E. Medina Jr. of provider firm Davis, Miles, McGuire, Gardner has been serving LegalShield members since 1993.
Krizia Verplancke of provider firm Davis, Miles, McGuire, Gardner has been serving LegalShield members since 2017.
Spencer Tadashi Schiefer of provider firm Davis, Miles, McGuire, Gardner has been serving LegalShield members since 2011.
Michael E. Medina Jr. of provider firm Davis, Miles, McGuire, Gardner has been serving LegalShield members since 1993.
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