Originally Posted by Dash man
How does the one time 20% distribution work with more than one child? Is it 20% shared among all of them or apiece? What if they want the lump sum at different times?
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I've set up 3 trusts, one for each kid. Each kid can take 20% of their trust. This was a little most expensive but it only gives them payouts of their investments. Also, if one feels, unlike the other 2 kids, that their individual trust is being mis-managed they can petition to have the trust company holding and investing the funds changed.