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Reply to "Are your adult children grateful for their trust funds?"
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[quote=Anonymous]Our irrevocable trusts are generation skipping so our adult children will be benefit from all of the income and their children the principal. But, there is plenty of flexibility in the trusts to meet their needs but this is after we are gone. They are all very successful in their own right and we want them to be motivated to build their own net worth and not live off ours. We never benefited from trusts or inheritances. However, we are very generous with them annually and we have well funded 529 plans for their children. They are very grateful for what we do and they know that the trusts can be a big safety net for them right now if needed. Fortunately their spouses want to self fund their lifestyles and not rely on their ILs. [/quote]
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