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Posted over 2 years ago. Applies to Texas, 1 helpful vote, 0 comments
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What if I have minor children?If you have minor children, you would also want to name the person that you want to be the guardian of the children, and the trustee of the minor's trust. 2
Why do minor children need trustees?Minors are not able to take gifts directly; the gifts need to be held in trust for them until they are adults. Often time, trusts can be set up for children until they reach a certain age, say 25 years old. The trusts may also be set up as spend-thrift trusts, which are free from attachment by creditors. Find Wills LawyersRelated Searches |