Legal Question in Wills and Trusts in Pennsylvania

trusts

Can I do a Trust Fund for an incarcerated offspring so there can be $$'s available to him/her at the time of parole (since I will probably will be dead by then) without actually having the funds available until my own demise..ie: life insurance proceeds ?


Asked on 10/09/08, 6:40 am

2 Answers from Attorneys
John Davidson Law Office of John A. Davidson

Re: trusts

The short answer is you can do that. However, you should have a lawyer do it so that the trust exists. That way the trust can be a beneficiary of the life insurance policy.

All this needs to be done correctly as you won't be there to tell anybody what you really meant.

If you have any questions feel free to contact me. The initial consultation is free.

{John}

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Answered on 10/09/08, 11:50 am
Soleiman Raie Joel Every & Associates

Re: trusts

Yes you can. Please call for a free consultation.

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Answered on 10/09/08, 3:11 pm


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