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Estate Planning

: Florida Estate Planning Lawyer Blog

Specific Training and Trusts:- Does Your Trust Provide for the Training You and Your Family Need or Willl Want?

By David M. Goldman

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Florida Revocable Trust's as well as those created in other states often have language that provides for the health, education, maintenance, and support of our spouses and children. Recently I was reading an article written by a CA Estate Planning Lawyer and firearms instructor on providing firearms training as an option within the definition of education. David R. Duringer wrote an article entitled Does the Definition of Education in Your Revocable Trust Allow for Firearms Training? and while it is a short article and only deals with firearms education, it got me thinking about other types of education and training that may be important to your beneficiaries or family tradition that you may want to include in your traditional revocable trust. Obviously this is something that would make sense to provide for in a NFA Gun Trust or a firearms trust designed specifically for firearms. In David's article he goes on to state

Such training can provide your children with the comfort of skill at arms so they can protect themselves and their own children, and furthermore, passes on American values necessary to preserve political independence of families in our society. Other benefits of such training can include increased personal responsibility and lower juvenile delinquency rates.

You may even want to go further with an incentive trust provision actually requiring this training, possibly with achievement standards.

Whether your passion is firearms, golf, tennis, a musical instrument, or anything else its important to discuss this with your Florida Estate Planning Lawyer to draft documents that reflect your goals and help achieve your families desires.

Full post as published by Florida Estate Planning Lawyer Blog on December 13, 2009 (boomark / email).