Will Provisions for Children
Do you want all of your assets to go to younger heirs on your date of death? Most people choose to put the funds in trust for young beneficiaries until they reach deemed ages of financial competence. For example: You might provide in a trust that your children receive 30% of their inheritance at age 25, 30% at age 30 and the remainder at age 35. Of course the Trustee can be given the authority to take out assets before these ages to provide support for the children including paying college expenses. Consult your attorney for assistance with these and other legal matters.