Navigating Minor's Trusts

LEGACY ENHANCEMENT IS HERE TO HELP 

Contact Legacy Enhancement today for more information and a review of your situation.
We are available to answer any of your questions throughout the process so that you can have peace of mind that your child or loved one will have the long-term financial resources they need.

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MINOR's TRUSTS

Providing for Your Child’s Future

Setting up a minor’s trust can help ensure the long-term security of your child or younger loved one. These types of trusts allow you to leave your property and other assets for your child or young relative while ensuring that the trust is properly handled by a designated trustee until the child is 18 or older.

Legacy Enhancement can administer your minor's trust providing professional management and investment with exceptional care and attention.

What Is a Minor Trust?

A minor trust can help ensure the financial security of a young relative after you pass away. Since we cannot know how much longer we have with our loved ones, it’s in our best interest to plan for the distribution of our estates as early as possible. With a minor trust, you may leave your property and other assets to your young relative who is under the age of 18. The trust will help ensure your assets are properly handled until the beneficiary is 18 or older.

The benefits of a minor trust include, but are not limited to, the following:

  • You can rest assured knowing your property and financial assets will be distributed appropriately to the minor until they come of age.
  • You know that your minor’s future will be a financially stable one.
  • You can determine what will happen with the assets in the trust should the beneficiary pass away.
  • You may be able to avoid gift taxes on the trust.

It’s appropriate for people of any age to begin the estate planning process, including establishing a minor trust for young relatives. Doing so will provide peace of mind, knowing your loved one’s future is secure, even after you pass away.

How Do Minor's Trusts Work?

Legacy Enhancement can help you through the various steps of establishing a minor's trust, as well as assisting in the maintenance and administration of that trust. Our team specializes in the establishment of trusts for those living with disabilities and special needs. We offer many of the same services as large financial organizations, but we provide a level of tailored service they cannot match.

As the custodian of a minor's trust, Legacy Enhancement can:

  • Manage financial distributions for minors
  • Help determine when beneficiaries will receive funds
  • Help determine how funds will be allocated
  • Work with you to create necessary trust documents
  • Manage trust investments on your behalf
  • Assist with 2053(c) trusts to avoid gift taxes
  • Determine what will happen to the trust should the minor pass away
Why Choose Legacy? Schedule your free 
initial consultation with 
Legacy Enhancement today

call us at (817) 500-0359 
to get started.

long-term security and support 

For You Or your loved ones
  • Professionally managed and invested trusts

    Our staff is complete with knowledgeable professionals to make sure your investment is handled wisely.

  • Capable of handling trusts of all sizes

    Your family member or client will be cared for, no matter the size of the trust.

  • Ability to help maintain needs-based governmental assistance

    We've got the experience you need to rest easy. We know what it takes, we'll take care of the rest.

  • Low trust establishment costs and maintenance fees

    Since we are a non-profit, our only benefit is our clients success, meaning we are cost effective and won't break your bank.