Posts Tagged ‘Trusts’

Custodial Account Or Trust? Which Is Best For Children?

By DouglasTurner.com • Jul 8th, 2010 • Category: Estate Planning & Colorado Probate

At least once a year we get a frantic call from a parent with a slightly out of control minor or adult child. The question from the parent is, “Can the child get at the money in the custodial account”? The answer is usually a simple yes or no, but it underscores a more important question. How should parents make cash gifts to children? The answer is pretty easy. Use an irrevocable trust and not a 2503(c) or minors trust.


Trust Busting

By Douglas A. Turner, Esq. • May 9th, 2007 • Category: Estate Planning & Colorado Probate

So great grandma created a trust 90 years ago for your benefit. No doubt you don’t like the trust terms, and the corporate trustee ignores your requests… but what can you do about it? Well, perhaps you can bust the trust with something called the Doctrine of Acceleration. The Doctrine of Acceleration The Doctrine of [...]