{"id":5942,"date":"2017-01-21T09:00:07","date_gmt":"2017-01-21T09:00:07","guid":{"rendered":"http:\/\/www.racinelaw.net\/?p=5942"},"modified":"2017-01-21T09:00:07","modified_gmt":"2017-01-21T09:00:07","slug":"gifting-minors-testamentary-trust","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/gifting-minors-testamentary-trust\/","title":{"rendered":"Gifting to Minors Through a Testamentary Trust"},"content":{"rendered":"

By Lane V. Erickson, Attorney<\/a><\/p>\n

In my estate planning practice I am often helping individuals make plans for providing and protecting their minor children. Often though, I am working with older individuals whose children are all adults. In this circumstance my clients often feel that their estate planning is much more simplified. However, when there are grandchildren involved things may not be as simple as they seem.<\/p>\n

Sometimes a client asks questions about distributions if their child predeceases them. \u00a0In this circumstance the client has usually stated in their Last Will and Testament that when a child predeceases them, that child\u2019s share will go to the surviving children of the deceased child, or to my client\u2019s grandchildren. \u00a0Unless the client\u2019s estate planning is specific and states otherwise, the grandchildren will automatically receive those assets at age 18. \u00a0This is true because and Idaho a person is considered an adult at the age of 18.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

By Lane V. Erickson, Attorney In my estate planning practice I am often helping individuals make plans for providing and protecting their minor children. Often though, I am working with older individuals whose children are all adults. In this circumstance my clients often feel that their estate planning is much more simplified. However, when there […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-5942","post","type-post","status-publish","format-standard","hentry","category-estate-planning"],"yoast_head":"\nGifting to Minors Through a Testamentary Trust|Racine Olson<\/title>\n<meta name=\"description\" content=\"If you have questions about leaving gifts or assets to a minor, we can help. Call us toll free at 877-232-6101.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.racinelaw.net\/blog\/gifting-minors-testamentary-trust\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Gifting to Minors Through a Testamentary Trust|Racine Olson\" \/>\n<meta name=\"twitter:description\" content=\"If you have questions about leaving gifts or assets to a minor, we can help. 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