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Parenting -- Special Concerns
Reply to "Divorced parents, trust fund"
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[quote=Anonymous][quote=Anonymous]The only thing I'd worry about is if the parent in the trust dies while the children are still minors, there should be some mechanism that allows the ex to access funds to be used for the children but which may necessitate using the money in the ex's name. For example, the ex loses their job and needs money to pay the mortgage, food, and utilities which benefits the children. I would expect the parent would have to fully account for those uses.[/quote] That would be for the trustee to decide. [/quote]
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