Determining How Much To Leave Behind For Children

High net worth clients often face a challenge when it comes to figuring out how much should be left behind for their children. And the number of people affected by this challenge is on the rise, too: there are now over 1.8 million households with assets totaling $3 million or higher. gfgg

Figuring out how much money is a good amount to allow children to start their lives but also thrive independently is a tricky situation, but one that can be properly evaluated with adequate planning. There are several ways to plan for the transfer of wealth that allows independence while also enforcing boundaries, if this is something that is important to you.

Some clients may elect to use an inheritance limit or trusts that give some power and control to the person establishing it. Others may find it helpful to distribute assets on a schedule, gifting children every couple of years.

The bottom line is that there are many different kinds of trusts and planning strategies that can be adjusted for your family. To learn more about transferring wealth onto your children, contact us today for a consultation at info@lawesq.net.

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