Many people want to place their assets, upon their death, in a Trust for their children. The question that is often asked is what are the standard terms of a Trust for children. As with any of the estate planning documents, a lot of the terms and conditions are based upon each person's situation, circumstances and intent. However, there are some general guidelines that many follow when they have no specifics of their own.
The age for distribution of the principal of the Trust are generally 25, 30 and 35. However, the income is distributed after the child turns 18, monthly, quarterly or annually, at the discretion of your named Trustee and based upon the needs of the child. The needs generally addressed are education, health, maintenance and general support. The lump sum distribution of principal at 25 is generally thought to be used to start ones career after undergraduate and graduate work. The lump sum distribution at 30 is generally thought to be used for the down payment on a home. While the final distribution at 35 is generally thought to help with the needs of the grandchildren or to address any other major life event.
Everyone's situation is different but it is always helpful to have some idea of how these Trusts are set up. It is best to seek the advice and guidance of an estate planning professional because the options are so varied. Send us your comments or contact us at
The age for distribution of the principal of the Trust are generally 25, 30 and 35. However, the income is distributed after the child turns 18, monthly, quarterly or annually, at the discretion of your named Trustee and based upon the needs of the child. The needs generally addressed are education, health, maintenance and general support. The lump sum distribution of principal at 25 is generally thought to be used to start ones career after undergraduate and graduate work. The lump sum distribution at 30 is generally thought to be used for the down payment on a home. While the final distribution at 35 is generally thought to help with the needs of the grandchildren or to address any other major life event.
Everyone's situation is different but it is always helpful to have some idea of how these Trusts are set up. It is best to seek the advice and guidance of an estate planning professional because the options are so varied. Send us your comments or contact us at
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