Trusts Attorney in Indianapolis, Indiana

How long should assets be held in trust for children after the death of a parent?

More In This Category

View Transcript

Typically, you’re going to want to have
assets held in trust at a minimum till
age 21. Uh most parents are going to
want to have them held longer. We
suggest at least 25 so it gives the
child or grandchild time to complete
their college education and maybe
post-graduate work. And then it’s up to
whatever the parent or the grtor wants
to have 25 to 35. Sometimes uh we
suggest you give them at least two bites
of the apple. That way um we may make it
at half at 25 and half at 30. Sometimes
we’ll do it three times. We’ll say 25,
30, and 35. I had one client that every
time the uh oldest child would reach the
older age, she’d back it up another five
years. So, we got to the point where it
was 45, 50, and 55. And I just said, you
know, if they haven’t learned by now,
they’re never going to learn. Okay. So,
cut it out. Just let them have the
money. Okay. Okay. So, she she did. So,
those would be my concepts on ages.

Indianapolis, IN estates & probate attorney Steve Robinson talks about how long assets should be held in trust for children after the death of a parent.

More Videos From This Lawyer