The trust I've even seen was a buddy of mine that leaves his kids and grandkids money each year equal to the amount they earn.
No freeloading.
If you earn $30,000, you get to pull $30,000 from the trust.
Earn a $100,000, pull a $100,000.
One generation makes a ton of money by working their asses off.
The next generation indulges themselves and wastes it.
The next generation is back to working again.
So make sure you don't just leave your family MONEY, they need PRINCIPLES as well.
Are you planning on leaving your kids an inheritance?
I read a lot of 'I'm building a legacy for my grandkids' grandkids' and I LOVE seeing it.
But, if you study the statistics, most families are shirtsleeves to shirtsleeves in 3 generations.
Meaning:
Multiple suspects broke into a Northwest D.C. home and sexually assaulted the woman inside before stealing her car and other property early Friday morning, police said. https://t.co/xRytYXEupt
Multiple suspects broke into a Northwest D.C. home and sexually assaulted the woman inside before stealing her car and other property early Friday morning, police said. https://t.co/xRytYXEupt