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Reply to "Question about trustfunds-Can a provision on a trust fund be made if a child doesn't go to college?"
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[quote=Anonymous]What other provisions can be made? If your child turns on you- say becomes a criminal can they be revoked? What language do you use? How often can you change them? Need both parents signatures? Can a provision be used to tell them to pay for our nursing home? Give them money spread out? For example, 25%_$$ when are age 25, 40% when they are age 35, rest when we are dead? Or to use funds specifically to pay their debt / i.e. college debt then they can have the rest? To set money aside for use or their own future child's college fund? If they don't have children by 40, they can keep it? We are planning on setting trustfunds up for our children, what else can I ask? We are older parents so I want to get the paperwork rolling. Thank you![/quote]
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