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Is the signature of both divorced parents required to set up a trust fund for their child?
Wiki User
∙ 14y ago
Once they are divorced, your parents are acting as separate and individual agents. The property settlement has been made and assets divided as part of the divorce agreement (usually), so each parent will fund his own trust from his own assets for their child. So both parents would not be required to sign...only the parent who is creating the trust. The exception might be if the parents come together to form a single trust with each contributing an agreed amount to the funding of same. You should check with an attorney on the wisdom/practicallity of such a move.
Wiki User
∙ 14y ago
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