Shannon Pawley, The Estate & Asset Protection Law Firm Owner, encourages parents to protect their children through the creation of Minor Trusts.

DECATUR, GA, August 29, 2024: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “How To Protect Minor Beneficiaries From Themselves and Others Through Minor Trusts.” Ms. Pawley tells parents they can place age restrictions on trusts that go beyond 18.

Pawley writes, “One of the most effective ways to ensure that your assets are passed smoothly to your heirs is through a well-crafted Estate Plan.” She continues, “This goes beyond just having a Will. As I often emphasize in my seminars and panel discussions, everyone aged 18 and older should, at a minimum, have three essential estate planning documents: a Financial Power of Attorney, a Healthcare Power of Attorney, and a Will. For optimal protection, incorporating a trust strategy into your estate plan can provide added security and flexibility.”

As Pawley notes, “Another vital component is establishing a Minor Trust, which can limit or even prohibit access to the funds until your children reach a specific age.” Pawley explains, “You can choose any age that you believe is appropriate, such as 21, 25, 30, or even 40. Just as you can elect your personal age of financial responsibility,” Pawley adds, “you have control over how they will access the funds – monthly allowance, key year distributions, or limit the distribution to the Trustee’s discretion.   This ensures that your children have access to the resources they need when they are mature enough to manage them responsibly.”

The entire blog can be read here: How To Protect Minor Beneficiaries From Themselves and Others Through Minor Trusts

About The Estate & Asset Protection Law Firm

The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.

About Shannon M. Pawley, J.D., LL.M

As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability.  We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it.  In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101^st United States Congressional Session in Washington, D.C.  This experience exposed her to numerous new cultures and worldly issues.  Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.

Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law.  After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.