I'm absolutely a proponent of them living within their means as their normal annual living expenses. But things like a wedding, or downpayment on a house, or additional college expenses, or a critical medical situation are some examples where the trustee can disburse some funds.
Structurally for my irrevocable trusts, I set up each kid with their own, so annual gifting in is clean, and I don't have one kid consuming resources unfairly impacting another. I also try to keep the asset investment mix equivalent with the same quantity and types of investments, so they perform equivalently over time.
Getting the asset growth over in the trusts over the years, as opposed to my estate, has helped tremendously in reducing my ultimate estate taxation. My goal is to be penniless when I go casters up, and/or ready for the nursing home.
Structurally for my irrevocable trusts, I set up each kid with their own, so annual gifting in is clean, and I don't have one kid consuming resources unfairly impacting another. I also try to keep the asset investment mix equivalent with the same quantity and types of investments, so they perform equivalently over time.
Getting the asset growth over in the trusts over the years, as opposed to my estate, has helped tremendously in reducing my ultimate estate taxation. My goal is to be penniless when I go casters up, and/or ready for the nursing home.
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