Will for Single Individual: Separate Share Trusts for Children (Texas)

This legal template specifically caters to single individuals residing in the state of Texas who have children and wish to create a will that includes separate share trusts. A will is a legal document that outlines an individual's wishes regarding the distribution of their property and assets after their death. In this case, the will focuses on establishing separate share trusts for each of the individual's children.

A separate share trust is a type of trust that allows the individual to allocate specific assets or a predetermined portion of their estate to be distributed to each child separately. This ensures that each child receives their designated share of the inheritance, protecting their interests and promoting fairness.

The legal template includes provisions for appointing a trustee(s) who will be responsible for managing and distributing the assets held within each separate share trust. The document also outlines the terms and conditions under which these assets can be accessed, such as reaching a certain age or meeting specific milestones.

By utilizing this legal template, single individuals in Texas can have peace of mind knowing that their assets will be distributed according to their wishes and that their children's financial well-being is taken care of through separate share trusts.