Wednesday, 4 February 2015

How can I make a will where 50 of my house goes to my son and 25 to each of my 2 grand children but only goes to the grandchildren when th...

Question

How can I make a will where 50% of my house goes to my son and 25% to each of my 2 grand children but only goes to the grandchildren when they reach 25 years old? This would be in NJ



Answer

Place the real estate into a irrevocable trust and have it drafted so it terminates 50% at death for your son and the second distribution occurs when the grandchildren attain age 25. At the second distribution to the grandchildren, the trust terminates.



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