A great question that parents need to keep in mind is “If you leave your children funds when will they receive them?” The answer is that it will depend. If you have no estate planning documents in place, the State will determine when your children have access to these funds. According to the State, your children will receive full access to their funds upon reaching the age of 18. It goes without saying that allowing an eighteen-year-old to have access to large sums of money can create many problems.

However, there is a solution. You can create a trust which will hold the funds for the benefit of your children. Trusts are highly flexible vehicles that will allow you to ensure that your legacy is given to your children in stages and at a time they are more financially responsible.

Stef and Greg discuss how they built the firm and their family. Many families work hard to grow, do the right thing and build their careers, businesses and families! Check it out!