Parents

Do I need a trust if I have minor children?

A trust can be valuable for parents with minor children because it allows you to designate how assets are managed and distributed if something happens to you. Unlike a will, which requires court supervision through probate, a trust can provide immediate access to funds for your children's care. You can specify ages for distributions, educational priorities, and choose a trustee to manage assets until your children reach maturity. Many parents find trusts particularly useful for larger estates or when they want more control over timing of inheritances.