How To Safeguard Kids In Your Estate Plan
How do you protect children in an estate plan? Don't hand them everything at eighteen, advises estate attorney Andrew Dósa. Instead, build a trust that releases principal in installments—say, at ages 21, 25, and 30. Meanwhile, the trustee can tap interest for real needs like schooling or a car. He tailors the schedule to each child's maturity with money.
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Answered by Andrew Dósa · Tacoma, WA and Oakland, CA
Highlights
Frequently Asked Questions
How do you protect children in an estate plan?
Don't hand them everything at eighteen—build a trust that releases principal in installments, say at ages 21, 25, and 30, while the trustee taps interest for real needs.
Why not give it all at once?
Because children differ—one saves and another can't hold onto five dollars—so a staged plan fits each child's maturity with money.
How does a staged distribution work?
The trust releases funds in installments and lets the trustee cover real needs like schooling or a car in the meantime, tailored to the child's maturity.
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