Reply to Living Trust and Will - any recs or things we should remember or include/think about?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Think about whether you want your kids getting their inheritance all at once. We just set up our wills/trusts and we have kids in their early 20s. We set up a schedule so that they will get 25% immediately, 50% at 30 and remainder at 35. This is except for 401ks where they will get about 1/10th per year (with exceptions and in consideration of tax law changes).  They are good kids but didn’t want them to deal with getting $4 million in their 20s. [/quote]
This. I know people with even later distribution. Lawyer commented it was also a good way to protect  assets from an early marriage gone bad. This had never occurred to me. [/quote]

You can protect the assets at any age by leaving them as trust assets- your beneficiary will inherit them but they’ll still belong to the trust.  So a spouse will never have any entitlement to that asset.

Make sure you actually fund your trust.  So many people create one but never follow through we re-titling the assets into the name of the trust.[/quote]

We did this. We have an only child who will inherit our entire estate, so we set up a trust to ensure her assets are protected from any future partner. And I second what the poster above me said about funding the trust. It feels like a lot of homework, but make sure you do it. 
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