09/24/2012

Distribution Schemes

Most parents are concerned about the manner in which their estate will be distributed to their children.  If you die before your child reaches the age of 18 years old, that money will stay in trust until your child reaches the age of majority.  When your child turns 18 years old, his or her entire share of the estate will be distributed.  Thus, many parents opt for a staggered distribution meaning that their child will receive a portion of the estate at designated ages.  This protects your child from receiving a lump sum amount at 18 years old.