Medlin & Medlin, PA
Attorney at Law
(704) 786-8173
Concord, NC 

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ESTATE PLANNING – MINOR CHILDREN TRUST

Let me tell you something you might not know about leaving your estate to minor children.

Should you die with children under the age of 18, those assets will all be delivered to the children on their 18th birthday.

That’s right, the whole lump amount will be dumped in their lap on that magic 18th.

Typically, that is not what you want.

I know that I did not know how to handle a lump sum of money or property when I was 18 years of age.

You accumulated estate was intended to take care of your minor children and educate them.

Often there is a real need to establish a trust to manage and disburse those assets while your children are too young to handle their own business affairs.

A trust allows you to choose who will administer the trust as trustee.

You will also establish the goals and terms under which the trustee must operate.

Finally, you choose the age of sufficient maturity at which time your children take the assets under their own management skills.

Get real with me, friend.

You know your children will blow through a wad of money.

In nearly 40 years of law practice, I have drawn hundreds of effective estate plans.

My job is to take care of my clients.

Call me.