Estate Planning for Minors

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Estate planning for minors refers to the process of arranging and managing one’s assets and affairs to ensure that they are appropriately distributed to their minor children or beneficiaries.

It involves creating a will or trust that outlines how the assets will be managed and distributed, as well as appointing a guardian who will care for the minor children in the event of the parent’s death or incapacity.

Estate planning for minors also involves naming a trustee who will manage and distribute the assets on behalf of the minor children until they reach the age of majority.

Additionally, it may involve setting up a trust for the benefit of the minor children, which can help ensure that the assets are managed and distributed in a manner that aligns with the parent’s wishes and provides for the children’s needs.

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