How did you set up a trust fund for your child?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My DH's trust is set up this way - it specifies that spouse is not a beneficiary, and our 2 kids are. His Mom was twice-divorced, so she knew a few things.

Ask around for an attorney who specializes in estate planning in your state.

How is trust paid out? If used to buy house, do u get share of house?

Yes, he has taken disbursements from the trust that we applied to the mortgage and home furnishings. Now it's a 50/50 jointly-owned asset, and I will inherit. The other holdings would go directly to our children - I get nothing from that account.