Reply to Are your adult children grateful for their trust funds?

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[quote=Anonymous][quote=Anonymous]Have others found that their (adult) children appear unappreciative of the trusts you have established for them? While they will receive more one day when my spouse and I pass away (hopefully not for many years!), they each have very substantial trusts that more than cover each of their needs every year, and then some. We made a conscious decision that giving unfettered access to tens of millions of dollars for each of our children would not be the right decision for our family; yet it feels as though the lack of personal control over this money has made them take it for granted as if it were not actually "given" to them.

Although it seems counterintuitive, does the lack of personal control over funds in a trust ultimately make your adult children less appreciative with money, and therefore less responsible? Or is this a phase they will grow out of? (They are all still in their twenties.)  [/quote]

You’re putting strings on the money so they probably don’t appreciate it as much as if you’d trust them to use it as they see fit.  It’s there, great, but anything with strings attached doesn’t actually seem like a gift.  [/quote]

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