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Reply to "Trust for kids from grandparents: How should I handle it?"
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[quote=Anonymous]We're both only children and are probably in a different place financially, but we asked our parents to take us out of their estate plans when we got more financially secure. We encouraged them to spend more on themselves, their churches and causes and not worry about leaving any money for us. They set up living trusts with our children as beneficiaries but us as trustees when the kids are under 18. Its pretty unrealistic to think they'll change their frugal ways, so there will likely be a significant amount left to our kids. Hopefully, they won't get it for a long time but in the mean time they get to live their lives knowing they have can take chances and pursue true interests/passions rather than chase a paycheck. If we ever get grandkids, we'll probably use the same model. [/quote]
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