What's the best way to set this up?

[Anonymous]

I want to leave about $300K (or 4% of our net worth with a minimum of $300K at my passing) to a young relative in another country. All of our assets are financial (except for primary home and cars) and all are titled either in the name of my Trust or have the Trust as the primary beneficiary.

Should I just add this language to my Trust document? I'd rather not setup a separate account with that relative as beneficiary who doesn't have any US identification. Not that I don't trust the spouse/kids to see this through, but would rather have it documented.

[Anonymous]

You are money stupid if you don't get an attorney involved.

[Anonymous]

Anonymous wrote:You are money stupid if you don't get an attorney involved.

And you are too much of an a-hole to have a constructive suggestion. OFC, I'll use an attorney to update my Trust. No harm in asking around for inputs, is there?

[Anonymous]

Anonymous wrote:You are money stupid if you don't get an attorney involved.

You will not get any better advice. This is a legal question that any good estate planning attorney will help you with. Asking randos is stupid and a waste of time.

[Anonymous]

You need to amend the trust docs. If for no other reason than there is no way to say x percent but not less than y dollar. You may want to consider x percent but not less than y dollars, adjusted for inflation using the cpi. The they let’s you do this.

[Anonymous]

Anonymous wrote:You need to amend the trust docs. If for no other reason than there is no way to say x percent but not less than y dollar. You may want to consider x percent but not less than y dollars, adjusted for inflation using the cpi. The they let’s you do this.

Thank you!