9 Things to Mention When Writing Instructions to a Trustee for Children
9 Things to Mention When Writing Instructions to a Trustee for Children By Melinda Gustafson Gervasi September 22, 2021 With a flourish you date the document and scrawl your signature on the line hovering above your name typed in Times New Roman font. You drop the pen, sit back, let out a breath and say "we'll, I'm glad that is done". In that moment you have created (or updated) your will. Your children, age 13 and 11, now have legally appointed guardians if you and your spouse were to die. The document also creates a trust fund to hold assets for the kids if they are orphaned before the youngest is age 30 (an age you set). You are ready to cross "draft a will" off of your to-do list and get back to living life! It's true. The will is dated and signed (hopefully in accordance with the witnessing requirements of your home state), but is it really ready-to-go? If both you and your spouse were hit by the proverbial bus on your way home, would the trust...