Mullen and Iannarone, P.C.
Serving the legal needs of corporations, individuals and
families of Suffolk County since 1972

August 2015 Archives

Best practices for creating a trust for children

A New York man recently made waves when he left his daughters $20 million in a trust that they would be entitled to when they turned 35. The fact that his daughters had to wait until age 35 to collect was not necessarily controversial. Those who study the issue say that conditions that allow the daughters to collect some of the money prior to age 35 amount to helicopter parenting.