Why would I set up a trust instead of leaving assets directly to my child?

Leaving assets outright gives your child full control immediately, which may not be ideal. A trust lets you decide when, how, and why assets are distributed, helping prevent mismanagement and legal complications.

Is a trust only for wealthy families?

No. Trusts are commonly used by families of all income levels to protect children, avoid probate, and ensure responsible distribution of assets regardless of size.

What problems does a trust help prevent for children?

Trusts can protect assets from poor financial decisions, creditors and lawsuits, divorce settlements, and outside influence or pressure. They also prevent minors from receiving large sums before they’re ready.

At what age should children receive assets from a trust?

There is no single right age. Many parents choose staggered distributions, such as portions at ages 25, 30, and 35, or distributions tied to milestones like graduation or purchasing a home.

What type of trust is best for children in New Jersey?

The best trust depends on your goals, including control, flexibility, asset protection, and tax planning. A New Jersey estate planning attorney can help determine the most appropriate structure.

What is a revocable living trust for a child?

A revocable living trust allows you to maintain control during your lifetime and make changes as circumstances evolve. After death, it becomes irrevocable and distributes assets according to your instructions without probate.

What is an irrevocable trust, and when does it make sense?

An irrevocable trust provides stronger asset and tax protection but limits your ability to make changes. It is often used when long-term protection or estate tax reduction is a priority.

What is a testamentary trust, and how does it work?

A testamentary trust is created through a will and takes effect after death. While it allows control over distributions, it must go through probate, which can increase time and cost.

What is a special needs trust, and who should consider one?

A special needs trust supports a child with disabilities while preserving eligibility for government benefits such as SSI or Medicaid.

Can I use one trust for multiple children?

Yes. Many parents use a single pot trust for multiple children while they are minors and divide it into individual trusts later.

Can I control when and how my child receives trust funds?

Yes. Trusts allow you to control timing, conditions, and permitted uses such as education, healthcare, housing, or general support.

Can trust distributions be tied to age, education, or milestones?

Yes. Distributions can be tied to age, graduation, starting a business, or purchasing a home to encourage responsible use.

What happens if my child is not financially responsible?

A trustee manages assets and distributes funds responsibly, protecting your child from costly mistakes until they are ready.

Can I change or update the trust later?

Revocable trusts can be updated as life changes. Irrevocable trusts generally cannot be changed once established.

What happens if my child gets divorced or sued?

Assets held properly in trust are typically shielded from divorce claims and many creditors.

Who should I choose as trustee for my child’s trust?

Choose someone responsible, financially competent, and capable of making unbiased decisions while following trust instructions precisely.

Should I use a professional or corporate trustee?

Professional trustees provide experience, neutrality, and continuity, which can be beneficial for complex or high-value trusts.

How do I get started with setting up a trust for my children?

Begin by speaking with an experienced New Jersey estate planning attorney who can evaluate your goals and design a trust tailored to your family.

Year: 2026

How Do I Start A Trust for My Children?

Elise A. Bavazzano, Esq. | January 6, 2026 | Wills, Trusts & Estates

family feeling secure after starting trust

Foundational Questions (What & Why) What is a trust for a child? A trust for a child is a legal arrangement that holds and manages assets on your child’s behalf. Instead of giving money or property directly to a minor or young adult, a trustee manages those assets under rules you set. Why would I […]

10 Tips to Rebuild Your Life Post-Divorce

Theresa A. Lyons, Esq., MSW | January 6, 2026 | Divorce

How to Rebuild Your Life Post-Divorce Rebuilding your life after divorce isn’t just about healing emotionally, it’s about rebuilding your day-to-day reality. Divorce disrupts nearly every part of life at once: your home, finances, routines, relationships, and future plans. Even when divorce is the right decision, the aftermath can feel destabilizing. It’s also normal to […]

Why January is the #1 Month for Divorce Filings: What You Should Know

Theresa A. Lyons, Esq., MSW | January 6, 2026 | Divorce

Divorces in January aren’t about impulse, they’re about clarity. As the holidays end and real life settles back in, many people find themselves confronting truths they’ve been avoiding for months, or even years. The holiday season carries emotional weight. There’s pressure to be happy, to keep the peace, to hold everything together for family and […]