Trust funds or is there a better way?

[dshibb]

In that case, if you wanted to do more for the kids in terms of retirement a trust like the one stated above isn't a bad idea. They would be better served by a max non mec funded indexed universal life policy than an variable annuity, but I will also say that an irrevocable trust for only $300 up front cost is a pretty good deal. And also at least for about 10 years the IUL has to be max funded for good performance. The variable annuity gets the same performance whether one payment goes in or a series of them over the years.