The problem we are running into is that he took care of all the finances, and the mom isn't even sure what bank they use. We want to setup a trust for the kids, but the banks we have called want to have an existing bank account from the family before they will establish a trust.
Is there anyway we can do this without having to have an existing account? The trust will be funded by several friends and coworkers, and we want the mother to be able to administer it.Need to setup trust fund for kids who just lost their father, need advice?
Go and see a lawyer who specializes in wills %26amp; trusts.
Don't trust anyone who is not bonded or licensed, you will either be scammed or not get the best deal for the kids and widow.Need to setup trust fund for kids who just lost their father, need advice?
Look into educational savings accounts.
http://www.savingforcollege.com/intro_to鈥?/a>
You all are doing a very thoughtful thing for her and her children.
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