Trust Funds For Kids
With just a minimum investment of $1000, or $50 per month for those committed to regular contributions, you can easily start a trust. Should you require additional trusts for other individuals, we are delighted to offer this service. The price to set up a trust stands at $499, and for other individuals, it is priced at $199. The fee includes documents prepared by a qualified lawyer, so you can be assured of the quality of service you will receive.
Our estimates have shown that through regular contributions, your trust could be worth up to $315,000 by the time your child reaches 45 years old, thanks to compounding interest. This is a great way to secure your child's future and provide them with the resources they need to pursue their dreams.
Should your child require the funds for their college education, they can easily withdraw the money from the trust. If they are not keen on pursuing higher education beyond high school, they can still draw from the trust, but only once they reach the age of 40, have been married for three years or more, or become medically disabled. We highly recommend including a stipulation in the trust documents that when your child has their own children, a small amount will be pulled from the existing trust to set up a trust for each of their children, creating a legacy of financial security for generations to come.