A Descendant’s Trust is a special type of trust designed to protect and pass on your assets to your children, grandchildren, and future generations. It allows you to provide financial support for your family while controlling when they receive their inheritance.
This type of trust is included with NetLaw’s Living Trust Premium Package and can be customized during your estate planning setup using the SmartGuide.
Key Features of a Descendant’s Trust
Supports Multiple Generations
The trust is set up to benefit your direct descendants, such as your children and grandchildren.Control Over Distribution Ages
You can choose the age(s) at which your descendants will receive their inheritance. For example, you may want them to receive a portion at age 25, and the remainder at age 30.
How to Set Up a Descendant’s Trust in NetLaw
To enable a Descendant’s Trust in your plan:
Click SmartGuide Interviews from the left-side menu
Select Last Will + Living Trust
Click your name, then click Edit
Navigate to the Residuary Estate section
When prompted, select "Yes" to create a Descendant’s Trust
Choose the age(s) at which your children or future descendant's should receive their inheritance
→ Related: What Is the Residuary Estate?