Effective Trust Planning: Trusts For Infants (2014)
1.0 MCLE Credit in Professional Practice
2503(c) trusts for minors, issues in having multiple minors share in a single trust, such as the oldest child getting all the money for college before the others get anything; alternatives such as 529 Plans that might be suggested to clients to avoid the trust altogether. Sprinkling trusts vs. separate trusts; when should things be left to sprinkle among multiple children, and then when should it be separated so that it no longer sprinkles? Why? What are appropriate ages?
Magdalen Gaynor, Esq., Attorney at Law, New York City and White Plains
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