An Annuity Trust (Maintenance)

 

If this Trust is not written in your Will;

  • Money would have to be taken from your estate after your death to fund ongoing maintenance payments until your children reach at least 18 years of age.

  • Even if you have remarried and decided to leave everything to your new spouse, you are legally obligated to continue your maintenance payments which would then be taken from whatever your new spouse receives.

What do you need to decide?

  • How many children are being maintained

  • Until what age

  • What the payment is

  • How frequently the payment is made (weekly, monthly, etc.)