[falfa]

One other word on children, our wills stipulate that, if we die when our children are minors, they receive their "adult" inheritance in three separate distributions based on their age. This prevents the problem of having a college student blow everything their freshman year and having nothing coming to them later. The distributions are at something like 20, 25 and 30. That gives them three chances to grow up and use the money wisely.

[JD86]

That gives them three chances to grow up and use the money wisely.

That's a great idea. Your children are fortunate to have you looking out for them that way. I did the same thing with my sons. They would have gotten the income only from the trust at 18...so they could start learning how to handle money and go to school. Then they would have gotten 1/2 of the principal at age 25. I figured they would be getting married, buying a house, starting a business. Something that would need a chunk of cash. But they didn't get the other 1/2 until they were 30...in case they blew the first half. I also explained all of this to my sons and told them there was only so much I could do from the grave and after 30 they were on their own. The staggered distribution is a really good idea. Great job. Thanks for sharing that.