Making a Legal Trust for Your Children in Glasgow and Central Scotland
Do you want to make sure your children benefit through your will once they turn 18? Ideal for making children’s trusts, our legal trust services are available for clients throughout central Scotland. Based in Glasgow, Lanarkshire, Duncan & Laird Associates provide a straightforward solution to this complex legal process by setting up a legal trust within your will. Get in touch today to discover more.
Establishing a Children’s Trust
When you set up a children’s trust within your will, there is no need for your loved ones to go through the more costly procedure of establishing a legal trust through the courts after your death. If your children are under a certain age, this trust makes provisions for your child to gain full control of their legacy until age 21, 25, or even 30. If your child is disabled, you may wish to extend this date for longer.
This also protects your bequest until your children come of age. During the period up to your chosen age, your beneficiary may request the income generated by the trust, but the capital remains intact until they reach the specified age.