Reply to Estate Planning ~ Ages and Stages

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[quote=Anonymous]I would encourage you to explore this question outside of DCUM if you are going to be leaving them large inheritances that will or could be life changing. There are a number of asset managers that have lots of literature on this topic, so ask if you’re with a private bank or if you work with a family office.

As someone who is thinking about this for my own kids, these are factors that I am considering:

- How much exposure will they have had to this type of wealth prior to reaching the age at which they will inherit the bulk of their assets
-Do you want them to have an established career before they get access to the assets 
-Do you want them to receive it before/after marriage or does that not matter 
-Do you want the assets to be used for particular expenses or do you have a POV on the function of the trust 
-Do you want the trust to support future generations

Personally, 
-I wouldn’t base the decision on how responsible a child seemed at 10 or 13
-35 is young to access all assets in a trust completely unrestricted [/quote]

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