Minor's Trust

This document enables a donor to claim the $10,000 per year federal gift tax exclusion for gifts made to a minor in trust. The donor can arrange for financial management of the trust assets during the period prior to the minor becoming an adult. While the minor must be granted access to the trust assets at the age of majority, the donor may arrange for continuing trust management of the assets for the benefit of the gift recipient.

Lange Law Firm, P.A.
Highland Bank Building, 5270 West 84th St, Suite 300, Bloomington, Minnesota 55437-1385
Phone: (952) 837-1900, Fax: (952) 835-2236, Email: info@willandtrust.com