Reply to Testimentory trust for minor children - what terms would you put on it?

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Reply to "Testimentory trust for minor children - what terms would you put on it?"

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[quote=Anonymous][quote=Anonymous]You started from zero, and you want your children to do the “same thing”? You seem confused.[/quote]

What am I "confused" about?  I want my kids to work and be productive.  I don't want them or their kids or their kids' kids to be sitting on their duffs like a bunch of lazy doofuses.  It isn't mentally or physically healthy.  I don't want them to starve to death, either.  So they get a little money doled out in increments.  Over time it is a lot of money but split up, well, it is going to be hard to lead a dilettante lifestyle!   :lol:

We know a lot of people who are very wealthy and we've watched what they have or have not done with their kids and money.  The kids of the super wealthy people who are the happiest and who are the most successful in life are the ones who don't rely on their trusts, who stand on their own two feet, and who are responsible for generating their own wealth.  That's what we want and that's why we've set up our trusts the way we have.  Basically we want our kids to be the type of people that we would want to meet, strong and independent go-getters with sound values, and not the type of people that we would walk away from rolling our eyes and saying "yuck."[/quote]

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