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Reply to "Testimentory trust for minor children - what terms would you put on it?"
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[quote=Anonymous]Ours would probably be about the size of OP’s, maybe a bit larger, and IIRC we basically provided for support education, down payment, marriage and then chunks to be disbursed along the way with everything done by 40 or 45. I remember making the will and thinking I was old enough to manage my money and there was no reason not to trust my kid at the same age. OTOH I know a lawyer who I respect a lot who thinks trusts should never terminate because that way a child who gets married and divorced will keep that money separate. Maybe if we had more money we’d worry about that but I had no desire to make my kid deal with a trust for life in case they got a divorce. [/quote]
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