Drafting Trust For Daughters

To draft a trust for your daughters, you will need to consider the following:
- Type of Trust: Decide between a revocable or irrevocable trust.
- Trustee: Choose a reliable person to manage the trust.
- ****eficiaries: Clearly name your daughters as beneficiaries.
- Terms and Conditions: Outline how and when the assets will be distributed to your daughters.
Where are you located? This will help me provide more specific information relevant to your state laws.

In Minnesota, here are some key points to consider when drafting a trust:
- Revocable vs. Irrevocable: A revocable trust can be changed during your lifetime, while an irrevocable trust cannot.
- Trustee Selection: Ensure the trustee is trustworthy and capable.
- ****eficiaries: Clearly identify your daughters.
- Terms and Conditions: Specify asset distribution.
Would you need a referral to an estate planning attorney, or do you have more questions about the process?

Certainly, ****! Below is a basic draft of a trust for your two young daughters:
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Revocable Living Trust for the ****efit of [Daughter's Names]
Article *: Trust Declaration
This trust is established by **** ****, the Grantor, residing in Minnesota, on [Date].
Article *: Trust Property
The Grantor transfers the following property into the trust: [List of Property].
Article *: Trustee Appointment
**** **** appoints [Trustee's Name] as the Trustee. If [Trustee's Name] cannot serve, then [Alternate Trustee's Name] shall serve as the successor Trustee.
Article *: ****eficiaries
The beneficiaries of this trust are [Daughter's Name] and [Daughter's Name] (the “****eficiaries”).
Article *: Terms of Distribution
The Trustee shall manage and distribute the trust assets as follows:
- For the health, education, maintenance, and support of the ****eficiaries.
- Upon each ****eficiary reaching the age of [Age], they shall receive [Percentage]% of their share of the trust assets.
- The remaining trust assets shall be distributed to the ****eficiaries upon reaching the age of[Older Age].
Article *: Revocability
This trust is revocable. The Grantor reserves the right to amend or revoke this trust during their lifetime.
Article *: Governing Law
This trust shall be governed by the laws of the State of Minnesota.
Signature and Notarization
___________________________________
**** ****, Grantor
Date: _____________________________
Notary Public: ______________________
Date: _____________________________
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I recommend consulting with an estate planning attorney to ensure this trust meets all legal requirements and suits your specific needs. Would you like a referral to an estate planning attorney in Minnesota?