Estate Planning Attorney in Westport, Connecticut
If you have minor children, your estate planning goals may be very different from those of other people. There are numerous estate planning options for parents of children under 21 that protect the children's financial interests. At the law office of John M. Gasidlo, Esq., we have extensive experience preparing trusts for minors. We are dedicated to helping you achieve your critical estate planning goals.
Contact us online or by telephone at 866-761-1956 to speak with an experienced Westport estate planning lawyer.
Setting Aside Assets for Your Loved Ones
Parents are understandably reluctant to give their minor children access and control over large sums of money. For this reason, it is sometimes an attractive option to leave children assets by way of a trust. By using a trust, you may designate yourself or another person as the trustee who will manage the trust and make decisions about distributing assets to your children.
Gifting is also a good way to leave money and assets to your children. Under the Uniform Gifts to Minors Act (UGMA), a parent or grandparent can leave up to $13,000 to each child without bearing a gift tax burden. There are many legal means of protecting the financial interests of your minor children. An experienced estate planning lawyer can help you explore your options and make decisions that are right for you and your family.
Contact Us
If you need legal guidance concerning trusts for minors, we are here to help. Contact us online or by telephone at 866-761-1956 to speak with an experienced Westport estate planning attorney.
