QUESTION
how can I leave money to my greatgrand children,without them getting the funds before age 25 or 30.? I am not talking about a huge amount of money.
Asked on Aug 18th, 2012 on Wills and Probate - Pennsylvania
More details to this question:
the oldest child lost his mother and father before age 21.they all lost mom before age 21 I am trying to be cautious .I do not want them to go partying with this money,but wait until they have more sense.
1 ANSWER
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You can create a trust that spells out how your grandchildren will get the money. In there, you can put age restrictions. You also name a trustee who is responsible for administering the terms of the trust.
Simon W. Johnson
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Law Office of Simon W. Johnson
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Answered on Aug 18th, 2012 at 10:56 AM