Ron is going to serve with his military unit during war-time. He has a wife, Ann, and two children. Jane is 15 years of age. John is 22.
Ron wants to care for his wife for her lifetime, then for his 15-year old until she reaches the age of majority. When she reaches the age of majority, he wants his $1,000,000 life insurance to go to a charity that takes care of children of those killed in action.
What kind (or kinds) of trust provisions would you recommend to your lawyer for his review? Back your answer up with facts about the type(s) of trust that you choose.
