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Reply to "Testimentory trust for minor children - what terms would you put on it?"
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[quote=Anonymous]We're going to specify in our will that the assets left in our estate plus our life insurance payouts will find a trust for each of our minor children. We are talking about when the trust would provide funds. If you anticipated a million to a million and a quarter in each trust, what would you specify and why? Simple lump payout at a certain age? Payouts at multiple ages? Allow guardians to cover educational expenses? Something else? Just curious what people's preferences or recommendations would be. Tips and experiences?[/quote]
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