Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Testimentory trust for minor children - what terms would you put on it?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Our trusts provided support for our child until the age of majority. Thereafter, it provided for an income equal to the amount the child earned from employment, with a very modest floor amount payable to prevent actual destitution regardless. The idea was to encourage gainful employment - earn more, receive more from the trust. Don't work, or barely work, and the trust will ensure the child didn't actually starve, but would not fund a comfortable life as a dilettante. The trust paid out lump sums at specified intervals as the child aged, so the incentive was limited to relatively early, formative years. There were provisions to change the trust's payout structure in the event of the child's disability which prevented gainful employment, and the trustees were also empowered to fund the starting of a business if backed by a well-conceived and thought-out business plan. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
