Designation of Joint Accounts assets

[LdiJ]

My philosophy is a little different in that I don't believe in leaving an inheritance to relatives (or anyone) that I have not seen, spoken to or have not been in contact with "for years" but I absolutely have no problem leaving an inheritance to someone that I am/have "heard from" every now and then. So I feel that the way to go is to leave most of my inheritance to charities thus I would leave this world with more than I took from it.

That is a wonderful attitude and I applaud it. However, when you are talking about joint assets, you cannot force that attitude on your spouse. That is simply reality.

 

[boblink1]

I'm not doing / trying to do that with joint assets, I am only talking about my Schwab Living Trust accounts

 

[boblink1]

Hello, I'm back with another question about a Support Trust.
I would like to know the best way to handle a support trust for one of my beneficiary's who is also a Successor Trustee of my Living Trust?
They are second in line to be the Trustee of my Living Trust so they will have (sole) responsibility for the distribution of assets that are in their Support Trust.
I trust them but I don't know what will happen in the future and am concerned that no one will be there for "checks and balances" of withdrawals from the Support Trust?
Thank you
Bob

 

[Zigner]

As I told you on the other forum: You should consult with an estate planning professional.