Gift Planning

Leaving assets outright to adult children can be a common mistake in financial planning. Children’s inheritances don’t have to be turned over to them when they reach 18 or 21. You can design a Trust that provides for funds to be released incrementally as a child progresses into adulthood or as a child attains educational or other goals. Alternatively, you can design a Trust that protects a child’s inheritance for life. As you create your estate plan, think carefully about your children’s personalities, their level of maturity, and their relationship with money.