Page 34 - Ultimate Guide to Estate Planning Third Edition_Neat

 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
their creditors would have access to, including
ex-spouses? Likely not, but again, that is the

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