As a Milford, CT trust attorney, I often recommend trusts that distribute assets in stages rather than all at once. For example, a child might receive portions at ages 25, 30, and 35, or upon reaching milestones like college graduation or purchasing a first home. This approach protects young adults from potential financial mistakes while they develop money management skills.

Provide for Special Needs Without Jeopardizing Benefits

If you have a child with special needs, a properly structured trust can provide financial support without disqualifying them from essential government benefits, which is something a direct inheritance through a will cannot accomplish.

Keep Family Matters Private

Unlike probate, which makes your will and estate details public record, trusts maintain privacy around your family's financial matters and the inheritances you leave for your children.

Create Flexibility for Changing Circumstances

Trusts can include provisions for various life situations, such as funding education, helping with a down payment on a home, or covering medical expenses, all while protecting the principal for your children's long-term benefit.

Common Trust Options for Families

As your Milford trust attorney, I can help you evaluate which trust structure best serves your family's needs whether that be a:

Revocable Living Trust: This tool provides lifetime control over your assets while avoiding probate and creating a framework for asset management if you become incapacitated.

Testamentary Trust: Created through your will and takes effect after your passing, a testamentary trust provides structure for how children's inheritances are managed.

Specialized Trusts: These include educational trusts to fund schooling, special needs trusts for children with disabilities, or spendthrift trusts for children who may need help managing money responsibly.

Taking the First Step

Creating a trust doesn't have to be complicated or overwhelming. Working with a knowledgeable Milford trust attorney allows you to create a customized plan that protects what matters most: your children's future security and well-being.

Ready to move beyond basic will planning? Contact our office at 203-877-7511 to schedule a consultation with a Milford trust attorney who can help you create a comprehensive plan tailored to your family's unique needs.

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