Page 34 - Ultimate Guide to Estate Planning

 Help with a down payment on their first
home or car;

 Match charitable contributions (some
employers do matching charitable
contributions and you can do that too); or
 Promote a strong work ethic (by
rewarding heirs for earning a certain level

of wage related income).

The Cost of Creating a Will and Revocable
Living Trust.

The cost of the revocable living trust can go up

based upon how many of these “triggers” you
want to use to distribute your wealth.

Triggers are usually life events or
circumstances in your children's lives where
you would want them to receive your help. You
do this as though you were still alive and able

to make the decision to help them. A good
estate plan will try to create that scenario of
helping them in the same way you would help
them if you were alive. How would you help
them if you were alive? Would you give them

lump-sum payments for attaining the ages of
25, 30 or 35? Likely not, but that is the plan I
have found most estate planning lawyers
implement. Would you give them assets that
33