LEGAL GUIDE
Written by attorney Domenick N Calabrese | Apr 20, 2017

Advantages of Living Trusts Part 2: Providing for Minor Children

I recently had a discussion with a married couple with two children, ages 4 and 2. They were interested in providing for their children if something were to happen to both parents.

One way to accomplish this would be with a living trust. The parents could create a living trust, place assets into the trust, and name a trustee in addition to or in place of the parents. If both parents were to pass away while their children were still young, the trust could provide money to pay for the children’s education, medical care, housing, clothing, or anything else for the children’s benefit.

Additional resources provided by the author

For more information on Connecticut estate planning and probate, please visit the Connecticut Estate Planning Blog at https://connecticutestateplanningsite.com For more articles and presentations by Dom Calabrese, visit his website at www.domcalabreselaw.com

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