Will for Individual with Spouse or Partner: Separate Share Trusts for Children (Pennsylvania)

This legal template is specifically tailored for individuals residing in Pennsylvania who are married or in a domestic partnership and have children. The template provides a structured format for drafting a will that establishes separate share trusts for each child.

A will is a legal document that specifies how an individual's estate will be distributed after their death. In this case, the will ensures that the estate is managed and distributed in a manner that protects the interests of the children.

The use of separate share trusts allows for the assets allocated to each child to be held and managed separately. This ensures that the children's inheritances will be safeguarded and preserved until they reach a predetermined age or significant life event, such as completing education or getting married.

The template adheres to the legal requirements and provisions specific to the state of Pennsylvania to ensure that the will is legally binding and enforceable. It addresses important considerations such as appointing a legal guardian for minor children, naming an executor to oversee the distribution of the estate, and including any additional provisions or instructions the individual may have.

Overall, this legal template offers individuals in Pennsylvania a convenient and comprehensive way to create a will that incorporates separate share trusts for their children, ensuring the effective management and distribution of their estate while safeguarding their children's future financial security.