If you're a grandparent or may become one, you can use this particular will to set up a dynasty trust for your grandchildren. This type of trust continues to be valid after your grandchildren reach adulthood. You can also name who receives your property and who carries out your wishes while setting up trust funds for grandchildren with our will template.
Use the Will for Grandparent with a Grandchildren's Trust document if:
You have property, including digital assets*, that you wish to be distributed after your death.
You want to put in writing the people or groups that should receive your property.
You want to have a say on the people or groups who will carry out the terms of the Will.
You want to provide trusts for the benefit of your minor grandchildren. Note: The federal estate tax exemption amount for 2012 is $5,120,000. If the value of what you own is more than this, you should ultimately consult with an attorney for your estate planning needs. Digital assets: This category includes a wide array of online accounts or files stored on a computer or server; for example, email accounts, blogs, social-networking websites, online backup services, photo and document sharing websites, financial accounts, domain names, virtual property and computer files.
This Will is useful for a single or married grandparent who has minor grandchildren or who expects to have grandchildren.