Estate planning option for supporting children and charity
Some parents may prefer to provide an income distribution versus an outright distribution from their estates to their heirs. In some cases, the savings generation parents may be concerned their spending generation children will "go through" the parents' life time savings too quickly. An option to consider to protect what took a lifetime to accumulate but provide for children and the charities near and dear to their hearts is a Charitable Remainder Trust.
For information contact Laurie Valentine or me.
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.