How do I set up trust accounts for children in a will? | NC

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Q: How do I set up separate testamentary trust accounts for children named in a will? A: Start by confirming that the will actually creates separate trusts, names the trustee, identifies each child, and states each child’s share. In North Carolina, a testamentary trust is created by a will, and the trustee must hold the property as fiduciary property — not as personal property. Before the estate…