Children’s trust for inheritance.
A children’s trust can be put in place during your life time and on your death can receive parts of your estate.
This can be instructed from a will and you can determine the exact age as to when your child can receive the benefit.
Most parents are uncomfortable gifting a large lump sum to a young adult so it can be arranged for the benefit to be gifted from 18 up until the age of 25 years.
You can also grant your trustee’s access to any asset within the trust.
This allows them to be used for your children’s education, maintenance or for any other reasonable purpose and expense.
A simple trust set up in such a way can ensure that your children use these funds for the purposes of which you intended.
You can add and remove assets from a trust during your life which ensures you stay in control.
We are here for you and your family and will advise you on the solution best for you.
There is no obligation at any time to take any recommendation and the cost may be lower than you think.
- This service is offered by referral to a third party.