Forbes, Forbes Estate & Trust, Estate & Trust

When Should Children Have Access to Their Inheritances?

Posted On July 05, 2018 By Clarfeld

Another major decision when it comes to estate planning is determining the appropriate time for children to have access to their inheritance. A major distinction between your will and lifetime irrevocable trusts is that; during your lifetime your will can be regularly updated to reflect current thinking, while amending or changing provisions within a lifetime irrevocable trust will generally be more restrictive and often require a statutory solution (decanting), where possible, or having to seek permission from the courts.

SOURCE: https://www.forbes.com/sites/robclarfeld/2018/07/05/when-should-children-have-access-to-their-inheritances/#36c0479910f8

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