pompanobeach
Recycles dryer sheets
- Joined
- Jun 4, 2018
- Messages
- 79
Hi. Any ideas on having a Trust Fund created in order to provide monthly income to my heirs for their own retirement?
I’m not married nor do I have children. However, I do have a dozen or so nieces and nephews which I love immensely.
The issue is that their generation just doesn’t know how to save money. They spend it as fast as they make it. I dread thinking that one day they are going to find themselves not being able to retire because of it.
My idea therefore is to leave each of them a monthly income to use in their retirement, etc..
My estimates show that unless there is a severe economic downturn of events, my estate would be worth about $4m when I eventually depart.
Would like to hear your thoughts on my crazy idea and the investment.
Thank you.
PB, Fla. [emoji41]
I’m not married nor do I have children. However, I do have a dozen or so nieces and nephews which I love immensely.
The issue is that their generation just doesn’t know how to save money. They spend it as fast as they make it. I dread thinking that one day they are going to find themselves not being able to retire because of it.
My idea therefore is to leave each of them a monthly income to use in their retirement, etc..
My estimates show that unless there is a severe economic downturn of events, my estate would be worth about $4m when I eventually depart.
Would like to hear your thoughts on my crazy idea and the investment.
Thank you.
PB, Fla. [emoji41]