When it comes to trusts, there are various issues that those creating an estate plan may have to take into consideration, such as how their assets will be distributed and which trust is the best option. At the Law Offices of Frye & Vazquez, we are also aware that some trustors in Miami, as well as beneficiaries, may struggle with issues related to the age of beneficiaries.
Whether you have been named a beneficiary but are not eligible to receive inheritance until you reach a certain age or you are setting up a trust and do not know when some of your beneficiaries should receive assets, it is vital to go over age-related matters appropriately. For trustors, it is crucial to take different factors into consideration and make sure that beneficiaries receive inheritance at an ideal age. Sometimes, trustors decide that the age of 18 is too young and they may have beneficiaries wait until the age of 25 to receive any funds from the trust.
If you are a beneficiary and are wondering why you have to wait a certain number of years to receive assets, it may be helpful to go over the possible reasons why the trustor decided to put an age requirement in place and be patient.
There are many factors that people have to take into consideration when creating trusts, but the whole process can be made easier by carefully preparing and going over all options. If you browse to our probate avoidance page, you can go over more trust legal issues.