How do you set up a trust fund for your child, without having to pay a lawyer?
dwp_18 asked:
Where do you get the forms, and what do they involve? What does the bank/financial institution have to do?
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Filed Under Personal Finance |
Tagged With Financial Institution, Lawyer, Trust Fund
Comments
One Response to “How do you set up a trust fund for your child, without having to pay a lawyer?”
I would set up the childs bank account in your name IN TRUST for the child at the banking instituation..You can sign forms when you open the account at the bank itself.. and state that when signing papers..Then I would make a will stating that coverage and what age the child should have the money. In the will I would state the money be put in trust for the child until the age of 20. If you die before the child attains that age …