Justin H. Brown , left, and George M. Riter, Jr., right, of Ballard Spahr. Courtesy photos Estate Planning for Children: The Best Gift a Parent Can Give to a Child
Structuring an inheritance for children requires an understanding of the specific needs of the child.
July 16, 2024 at 11:23 AM
8 minute read
Trusts and EstatesOne of the greatest gifts that parents can give their children at death is an effective estate plan that takes into consideration the needs and desires of their children. Whether it is a child receiving public benefits who requires a special needs trust, a child facing a divorce who requires creditor protection, or a wealthy family that is aiming to prevent estate or inheritance tax upon the death of each successive generation, with proper planning, parents can assure that assets pass to their children in the best manner possible for each specific child.
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