With a Children's Trust, the client picks that important, critical person to manage the finances for the benefit of the children, should the client pass away, and not the Court System. This protects the client's children from family members that are only interested in raising children solely for the potential financial benefit they may attain. In divorce situations, it is imperative to establish a Children's Trust, as it ensures the client decides who manages the financial property and not the ex-spouse.
Without a Children's Trust, children receive their inheritance at the young age of 18. What child is likely to be motivated to go to college or attain employment after receiving a large sum of money at 18? The legal team at Rowley Law will design your Children's trust to last until your child reaches a more responsible age, such as 25. In addition, the legal team at Rowley Law will design your Children's Trust so that if your child is ever sued, the property in the trust is protected from lawsuits.
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