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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My grandparents set up a trust - my mom got $2.5 million and I will get $1 million. We started to get payouts every year from that trust when I was around 25. It is VERY hard to not touch the money, harder than I expected, but I try to stick it all into protected accounts and not touch it. It's getting easier now that my husband and I make more money.

I have no idea if my mom plans to leave any of her inheritance to me or my kids when she dies. I haven't asked, it seems a little presumptuous considering I'm already getting a very generous $1 mil.

I hope to give my kids each $1.5 mil, but I'd like to start giving it to them in their mid-20s rather than when I die. Getting my money now, when my husband and I are trying to pay off student loans, buy a house, and put two kids through daycare has been enormously life changing, and I'd love to do that for them too.

My husband also got $50k when his grandfather passed. It might sound small-ish compared to my inheritance but it came at exactly the right time for us to buy our house, which has appreciated quite a bit, so it also was a hugely beneficial windfall to us. We've been extraordinarily fortunate. My dream is that one day once I have access to my trust I can give a very significant chunk of it to a cause I care about. I haven't figured out which one yet though. [/quote]

Do you mean you don't touch the payout at all?
How do these trusts work? [/quote]

Honestly, I don't know. My grandma hasn't passed away yet and my mom controls the trust. They give me $50,000 per year out of it to do whatever I want with. I try not to touch that (other than to put it into good savings accounts). I have no idea what I'm going to do if/when I get control of the entire trust. Hire a planner, probably. [/quote]

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