10-15-2020, 09:33 AM
Good reminder about the tech bubble burst of the early 2000s. I really hope it's a plateau and not a burst, but I agree it can't keep going up like this.
My plan for the irrevocable trust is that it pays out dividends to myself and all living descendants. If I, or a descendant, gets admitted to a nursing home, then it stops paying dividends to me or that individual(s). Hopefully it continues into perpetuity providing my descendants supplemental income. Of course as the family tree grows larger the dividend will get diluted, but that's okay. I'm thinking of adding a clause by which there's incentive for future generations to leave their assets to the trust in their wills as well, so that the principal inside the trust can increase. What that incentive is needs some brainstorming.
My plan for the irrevocable trust is that it pays out dividends to myself and all living descendants. If I, or a descendant, gets admitted to a nursing home, then it stops paying dividends to me or that individual(s). Hopefully it continues into perpetuity providing my descendants supplemental income. Of course as the family tree grows larger the dividend will get diluted, but that's okay. I'm thinking of adding a clause by which there's incentive for future generations to leave their assets to the trust in their wills as well, so that the principal inside the trust can increase. What that incentive is needs some brainstorming.