Page 55 - Ultimate Guide to Estate Planning

perpetuating something of importance to you?
Wouldn’t you rather transfer wealth to them
that says “I care enough about you to have

given significant thought as to how this gift
might impact your life positively or negatively.”

Statistically, the children are not going to see a
lot of their inheritance remaining in their
thirties, after having received lump sum

distributions in their young adult life. How will
they regard you when they are older, with
respect to you having given them too much
wealth, too soon? Will they begrudge an early

inheritance in their later years? You can look
at the studies of lottery winners and how they
handle unbridled access to lottery winnings.
They normally don't end up with a whole lot of
money after ten years. You think they might
have regrets? After all, that’s why the estate

planning industry has the staggered
distributions-to enhance the prospect of
financial maturity by the heirs. By giving your
wealth to the next generation, are you creating

a cycle of generating regrets?

You should think carefully about giving those
distributions based on age.

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