Trusts will generally provide that assets will remain in trust until the beneficiary reaches a particular age. It might 21 or maybe 22 if you think the beneficiary will have completed their education by that age. Maybe age 25? You can set whatever age you want and even permit withdrawals of a portion oat different ages until the trust is exhausted. So maybe 1/3 at age 25, 1/3 at 30 and 1/3 at 35. Just pick your ages and installments.
William Wombacher, your Central Illinois Certified Elder Law Attorney (CELA) and Social Security Disability Specialist. I’ll help you!
Call me at 309-674-8125, visit at www.wombacherlaw.com
Serving Peoria, East Peoria, Peoria Heights, Pekin, Dunlap, Chillicothe, Morton, Washington, Metamora, Canton, Galesburg, Lacon, Henry, Bloomington, Normal and surrounding cities and counties of Peoria, Tazewell, Woodford, Fulton and Knox Counties in Central Illinois.