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)