Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,418
You can try to control from the grave. But it can be hard to do. It might not be your style. There is one case where I would try this. If a child had a large judgment against him/her. You could have the trust pay for living expenses directly and in such a way their creditors could not attach to the trust. In this case you would not be trying to change your child, but provide them with a reasonable living standard. Better than letting the $ get inherited and sucked by large obligations that might break the trust.
I might seem cruel, but it would make a big difference to me what that judgement was about.... and if I thought the behavior bad enough I would probably not leave anything to them anyhow....
As an example, I have a nephew who got into drugs when in college... he has been living on welfare almost his entire life and cheating the system by earning income on the side and not reporting it... he had to leave one country he was living in as they were about to go after him for this behavior... he is a Hari Krishna... if he were my child I would not leave him a dime... I would bypass him and leave whatever was 'his' share to his kids.... one has had a tough time as his mother died when he was young and my nephew did not want him.... if nephew did not have any kids they it goes to the other kids....