Buffalo Estate Planning Lawyer Explains a Trust Clause
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As an experienced Buffalo Estate Planning Lawyer, I often get questions from clients about their wills and estate plans. One question I hear often is “What is the trust clause?” The trust clause in a will allows an individual to establish who’s going to take care of the assets on behalf of the child or children who are underage. It allows you to establish the age average the children are going to receive those assets and how those assets are going to be distributed during the period of time that their trust is in existence. Generally speaking, I advise clients as a Buffalo Estate Planning Lawyer that we’re going to use those assets with health, the education of the children, we’re going to allow it to use for their college purposes on or about 18th birthday, and it’s going to have a date, at the end of which time, they’re going to be able to receive those assets.
If you have any questions regarding a will or estate plan, contact our skilled Buffalo Estate Planning Lawyers today for a consultation. Let our experience work for you.
This informational blog post was brought to you by Randy H. Gugino, an experienced Buffalo Estate Planning Lawyer.
