I hope to be able to setup a non-revokable family trust to control the assets which will take care of the kids - in the sense of giving them places to live and jobs.
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqmh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8qxpmj4q I want to be able to leave each of my kids at least 1 million. In order to be able to do it, I plan to mooch off of them as much as possible in my dotage
Discussion
You don't worry that that will set up your kids to just be parented cradle to grave?
I like the idea of leaving some family property in a trust, to keep the family together. Maybe the family's facation home and a fund they can borrow from. But I want to give them each something of their own, have the finances available to let them try things and fail in young adulthood, find their footing and their niche. Leave them each something according to their abilities, hoping at least one of them will make something of it and look out for their nieces and nephews in a similar way. Putting it all in a thing that just trickles out dividends to them, to me sounds like a sure way to create useless spoiled trust fund kids.