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Reply to "Im 40 years old and my parents still have yet to discuss in detail my trust fund."
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[quote=Anonymous]Wow, seeing this thread I understand why my lawyer advised me against pre-planning to give money to the kids now. I have well over the 5.5 mil and I was trying to think of tax advantages of different trusts (ie. putting the 5.5 mil in a trust for them now so it can grow over time). Without saying so he basically told me it might be better just to pay the taxes and NOT leave so much to the kids. I should wait and see what kind of adult they become. If they feel entitled when they grow up I will most likely leave to charity. They should learn to make their own money, as should the original poster. Your parents already spent a ton raising you.[/quote]
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