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Reply to "Ultra high net worth and how much to leave to kids"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]At minimum: pay for college & graduate school, wedding & a starter home in full. [/quote] This. Remainder to go into education trust into perpetuity for any descendants’ education/further education, plus $1m “gift” to all children/grandchildren/great-grandchildren on their 21st bday (until it runs out). We have similar NW (mid 40s) and this is how we set it up. Hope you have a good team. Our accountant and lawyers and bankers are in valuable for this kind of stuff. We use Morgan Stanley private wealth and have a fantastic lawyer & accountant. [/quote] This. Also make the trust available for medical treatments in case of any SN grandkids and beyond. [/quote]
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