In your living trust you will be able to designate exactly how you want your assets to be distributed after you are gone. You can leave all of your assets to your spouse or share them among several people and charities. It is up to you! Achtel Law Firm can customize a living trust that works best for you.

Often times, gifts are left for children. Where the child or children are under the age of eighteen, it is necessary to appoint a person to manage the assets until they reach eighteen. Moreover, it is often wise to have any assets that are earmarked for a child to be held in trust until the child reaches a responsible age. That age will depend on the child. In the meantime, specific directions can be left regarding how the trust assets should be distributed prior to that magic age. For example, you could place specific assets in trust, accompanied with directions that the proceeds are to be used only for educational purposes until the child reaches the age of twenty-five. At that point, the remainder of assets would be turned over to the child. During your free consultation with Achtel Law Firm, we will be able to suggest many different options along these lines that may work for you.

Additionally, in your Living Trust Planning package you will have the opportunity to designate whom you would like to become the guardian of your child in the event something were to happen to you or to you and your spouse. This is a critical step, often overlooked by many parents.