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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My parents are in their mid 70s and I’m 40. They are quite wealthy as in ultra high net worth. I’m sure I will inherit a large sum but we are very focused on planning for ourselves. What I do inherit will likely benefit my children and someday my grandchildren. My parents never inherited a meaningful amount of money. My parents have already been very generous so I’m very lucky. [/quote]

If your parents are “ultra high net worth” they shouldn’t be leaving it all to their children. A percentage should skip the children and go directly to the grandchildren 
 in individual trusts.   Helps with the children’s eventual estate taxes too.  [/quote]

I'm quite sure that we are ultra high NW and the trusts we have set up are generation skipping trusts so our children will benefit from the income but most of the principal will go to our grandchildren. Our children will have rights to use the principal for a bunch of reasons. We have set up 529's for all of the grandchildren and utilize annual gifts to our kids and spouses but they are all focused on their own retirement planning. We don't want them to rely on us for their retirements but I believe we have a nice balance between being generous now and again in the future. [/quote]

Honestly how comfortable would your child be withdrawing from the grandchildren's trusts even though technically it’s most of your child’s assets.   [/quote]

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