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Contact us today: 866.461.7474 or 727.461.7474 | 581 South Duncan Avenue Clearwater, FL 33756
Coleman Law Firm
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Estate Planning and Minor Children

Clearwater estate planning attorney Children in Back of VehicleYou may be motivated to estate plan because you started a family or have children. However, a Clearwater estate planning attorney can explain to you that there is much more to an effective estate plan than simply signing a will or living trust that will give away all of your assets to your children. In fact, if your children are not mature enough, the inheritance may be wasted.

For example, you may want to think about whether you were ready to receive a large inheritance when you turned 18 years of age. The answer is probably “no.”

How a Clearwater Estate Planning Lawyer Can Help

There are many effective estate planning strategies to provide for your children to ensure that the inheritance is not squandered. Some strategies can include:

  • Raise the Age Limit. You may draft a living trust in such a way as to give the inheritance to your children at an older age. As mentioned above, an 18-year-old may not have the maturity to handle a large sum of cash. However, depending upon your child, a 25-year-old or 35-year-old may be ready.
  • Provide Milestones. Instead of setting an age where a trustee will give your assets to your children, you can provide milestones like graduating from college, getting married, and having children. When the child accomplishes each milestone, the trustee may make the specified payment.
  • Give Income. If you have a large enough asset, you may provide that your children only receive the income generated from the asset until a certain age. For example, if you own a business, you can provide that the income from the business goes to your children while the business itself will remain with the trustee. Only after the child reaches a certain age or other milestone, will the child benefit from the business.
  • Leave It To a Guardian. For young children, you may want to specify a guardian and provide discretion to your guardian to determine how much and when to provide your assets to your children.

Contact a Clearwater Estate Planning Attorney

If you have any questions about estate planning and ensuring that your children are properly cared for, contact an experienced Clearwater estate planning lawyer at the Coleman Law Firm by calling 727-461-7474.

Estate & Trusts Planning

  • Estate & Trusts Planning
  • Avoiding Probate
  • Risks of Using Joint Accounts
  • Business Planning and Transition Issues
  • Estate Planning and Minor Children

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581 South Duncan Avenue
Clearwater, FL 33756


Phone: 727.461.7474
Fax: 727.461.7476
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    Testimonials

    I have referred probably at least five cases to the Coleman Law Firm. I have found Mr. Coleman and his staff to be both knowledgeable and down to earth. Mr. Coleman assisted with real estate matters, probate matters, and some personal injury cases with success. I will continue to refer cases to him … Read more
    Lee G.
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    My husband and I saved and planned for a comfortable retirement. We retired in 2000. Due to improprieties and uncontrolled circumstances by our financial advisor and financial institute; we lost a substantial amount of our retirement savings. Thankfully, we were referred to attorney, Jeffrey P. Cole… Read more
    Lou & Sue Maas
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    Mr. Coleman is obviously very knowledgeable in his field, but he is also very approachable, and easy to talk to. He takes the time to explain things fully in a way that is easy to understand. He kept me very well informed of the progress of my case, and then made a superb presentation at my final he… Read more
    A Litigation client
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    Jeff Coleman helped me with my case and I would use and recommend him again.
    Nancy G.
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    I engaged the Coleman Law firm on two occasions and all of my transactions were handled from out of state. Mr. Coleman and all of his staff were very knowledgeable and personable. They dealt with everything in a very professional and timely manner. They kept me informed of what was happening all the… Read more
    Jeannette Hoffman
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    Jeff & Emily prepared a complete estate planning package for me. All documents, including adjustments due to recent changes in the law and specific stipulations I requested. Everything completed in a professional, timely manner and with patience in dealing with me. I would recommend The Coleman Law … Read more
    Brad, an Estate Planning client
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    Mr. Coleman did our estate planning. He is a stand up guy who tells you like it is. I appreciated his honesty and forward thinking in our matters. I would use him again if I needed legal help in any way.
    Chelsea W.
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    I’m very pleased with the way the Coleman Law Firm handled my matter. They were caring, fast, and I felt I was in good hands.
    Hollie J.
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    We are pleased to have this opportunity to describe how individualized your services were to our needs. Not only was the staff attentive, caring and helpful, but also the firm was extremely in tune to the complicated activity of market affairs and our particular problems. We would definitely recomm… Read more
    J.R. & S.D.
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    Complete honesty and a close attention to all details involved in my case. Close guidance in all areas.
    M.A.B.
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