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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,653
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If there are significant assets, I like the idea of a yearly match. Set up a trust, and whatever the kid makes in a year, the trust matches that amount as that year's inheritance. A couch potato gets nothing. A resorceful kid who is motovated gets rewarded.
I do not want my daughter to grow up thinking she is entitled to a life of leisure. I don't want her to think she's entitled to ANYTHING.
My job as a parent is not to prepare a path for her. My job is to prepare her for the path she will face when I am not there.
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