How do I create a trust for a minor?

Creating a trust for a minor in Florida is a complicated process that should be overseen by a lawyer who specializes in elder law. If you’re representing the minor in a guardianship proceeding, then you’ll need to obtain a court order allowing you to create a trust. This is usually done through a guardianship attorney. Once the court order has been obtained, the trust can be created. Usually this is done with a lawyer or a bank or trust company that specializes in creating trusts. They can help you decide what type of trust is right for the minor and what provisions should be included. Once the trust has been established, the assets that the minor will benefit from must be transferred into the trust. Depending on the circumstances, this may involve liquidating assets, re-titling deeds and accounts, and appointing a trustee or creating new accounts. It’s important to understand that creating a trust for a minor doesn’t necessarily protect them from creditors or lawsuits. In fact, if the minor is sued, the trust may become a target for collection. For this reason, it’s important to consult with an experienced elder-law attorney who can provide guidance on protecting assets specifically for the minor in question.

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