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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Good question! We raised them talking about getting a good education and saving money and they actually listened. It wasn’t until they were married with good careers that we started educating them about our estate plans. They have a rough estimate about the value of the trusts we have set up but the trusts are also to benefit their children and maybe grandchildren. They won’t benefit from the trusts until we are gone and they seem to want us to live forever so they don’t build it into their retirement plans except they do know it’s there. Over the last two years we have gifted them a lot of money outside the trusts because they are very responsible and can handle it. We are blessed with very responsible children which has made this process pretty easy. [/quote]

Honest question---why don't you want them to benefit at all until you are gone?  I get making sure you will be well cared for in old age.  But wouldn't your kids and grandkids benefit more from having it sooner?  Our kids are not married, but they know we will provide for grandkids education (we believe in public schools, so would also provide help with downpayment so they can live in best neighborhood with good school, unless a specific special need requires private) and college will be fully funded for any grandkids.  For us, that will make such a huge difference in their life overall, versus waiting until they are 50-60+.

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PP - they are benefiting. At birth we put $100k into each grandchild’s 529. At Christmas each couple receives $50k. Outside of the trusts each of our adult children has received $1.5 million in the past two years. I didn’t include that detail because I figured someone would say we are indulging them! [/quote]

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