Depending on the age and circumstances of the child, there are several strategies accessible to ensure that your bequest remains available for your child’s benefit. The most commonly employed strategy is the implementation of a trust; however, there exist numerous variations of trust agreements. It is crucial to consider not only the entirety of your estate’s assets, but also the specific needs of your child that require attention, designate a guardian in your absence to cater to their needs, and determine the desired duration for the legacy.
Leave a Reply