Call 661-414-7100 or Text 661-249-9990
Santa Clarita Wills and Living Trusts Attorney (661) 414-7100
  • HOME
  • ABOUT
    • CLIENT REVIEWS
  • GET STARTED
  • RESOURCES
    • BLOG
    • VIDEOS
    • WEBINAR
    • AUDIO
    • PAYMENT
  • CONTACT
    • ZOOM VIDEO
  • HOME
  • ABOUT
    • CLIENT REVIEWS
  • GET STARTED
  • RESOURCES
    • BLOG
    • VIDEOS
    • WEBINAR
    • AUDIO
    • PAYMENT
  • CONTACT
    • ZOOM VIDEO

Law Office of Robert Mansour

Blog
​

Consider creating a common trust for your children

10/6/2012

 
Instead of creating separate trusts for each child immediately upon your death, you may want to consider creating a common trust (pot trust) for your children.

When dealing with a common trust, the trustee can spend the trust money on any child that might need the money more than another. For example, perhaps one child is very wealthy and has no need for the inheritance. More commonly, you may have already provided for the college expenses of one child and perhaps your other children have not yet started college.

If each child takes a share immediately upon your death, some of the children may effectively be receiving less since they still have to pay for schooling etc. After the youngest child attains a certain age, your trust can then divide equally among the children. This is just one approach you might consider with your estate planning lawyer.

If you wish to discuss your estate planning needs, visit Santa Clarita wills and trusts lawyer Robert Mansour. Call (661) 414-7100 to make an appointment.

Comments are closed.

    RSS Feed

Home Page | About | Getting Started | Audio Downloads | Testimonials 
 Blog | Video Library | Disclaimer | Blog RSS | Contact Us

Google Business | Facebook | Twitter | Linked In | YouTube Channel | BrandYourself | Cornell Listing


Santa Clarita Wills and Living Trusts Lawyer, Serving Valencia, Saugus, Castaic, Canyon Country, Newhall, Stevenson Ranch and surrounding communities.

* The information on this website does not create an attorney/client relationship.  It is not legal advice and is presented for general informational purposes only.  Always consult with a professional when handling legal matters.  Your privacy is important to us.  Any information you submit is not shared with others.

Robert also handles Personal Injury Law - Click here to visit our separate personal injury website.

​Law Office of Robert M. Mansour | 28212 Kelly Johnson Pkwy #110, Santa Clarita, CA 91355 | www.MansourLaw.com | (661) 414-7100 
Picture
Picture
For Venmo Payments: @mansourlaw