[Don Plumley]

We set these up back in 2001, Bypass trust, POA, Wills. Our major assets are titled to the trust. Probably about $2K back then. This lasted until two years ago, so less than $200 a year. We did a refresh with the kids legally adults, only about $1K.

I had a cool idea that our attorney put into the amended trust - she really liked it. If we both die, we instructed the Trustee to give the kids a meaningful windfall - pure fun money - with the instruction that they go spend it on travel, some sort of adventure in our memory. This way they are not focused on "I wonder when the rest of the estate gets divided up." Naturally we still have a trustee so if the kids would use the money in "not good ways," she could wait until distributing, but otherwise controls the distribution over time to make sure it does not become repurposed into hookers and blow.