Creation of a Children's Trusts

In case that there are any minor children left by the grantor, the living trust document often contains a section, that governs the creation of separate children’s trusts upon the death of the grantor. Those trusts are sub-trusts to the living trust.

The section especially contains:
  • The age-limit up to that the trust property is to be held in trust
  • The special duties of the child’s trust trustee (e.g. what the trust property and its profits can be spend on)