Page 51 - Ultimate Guide to Estate Planning

Over 50s – the down-sizing years.
After 50 years old, there are still some issues

associated with fundamentally changing the
person who is receiving the wealth. In the
downsizing years, mature individuals begin to
realize that their assets have become
liabilities, forcing them to work harder than
they otherwise would. They are less

concerned about the humiliation associated
with the loss of “toys” or assets and seem
more interested in a simpler style of life. If
you were to ever simply provide assets without

any guidance or restrictions, this would be the
time or phase in their life where it’s the least
dangerous. However, you may actually want
them to receive distributions earlier in life
based upon events that you want to

encourage.

My children are older.
Clients will sometimes explain, "Well, our
children are already past the age of 35 so we

don't have to worry about that.” What if your
children pre-decease you? Most people will
have their assets pass to the grandchildren, if
one of their children predeceased them. You

don't know that your grandchildren are going

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