Living Expenses

Help Your Children Oversee Their Finances

Managing money properly can be a difficult task, no matter how old you are or how much experience you having doing it.

So, just imagine how challenging it would be for your children to handle this responsibility on their own.

That’s why it’s smart to consider setting up a trust for them, so in case you passed away they’d have some restrictions on how much and how fast they could spend the funds you passed along to them.

Doing so also permits you to specify when the remaining assets should be released. It’s best to designate an age when you feel your children would be mature enough to prudently manage the money. And, after all, who knows your children better than you?

However, children must be at least 21 years old to legally be granted control of the funds left to them.

Setting up a trust could also spare your children from some legal proceedings and avoid having a court-appointed conservator be in charge of their money.

However, trust laws are complicated, and there are many types of trusts to consider. So, you should discuss your options with an experienced trust advisor.

Let Emerging Insurance Brokerage set up a trust fund that’s right for your situation.

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Contact Us

Noori Insurance Agency, Inc.
DBA: Emerging Insurance Brokerage Services

37371 Fremont Blvd Ste B.
Fremont CA 94536

tel 510-796-4929
fax 510-796-4928