Make your legacy last by educating your children about wealth management - Crawford Ellenbogen

If you’ve worked to build a large estate, you probably would like to leave a lasting legacy to your children and future generations. Educating your children about saving, investing and other money management skills can help keep your legacy alive. One strategy is to introduce incentives while remaining flexible by using an incentive trust. This trust type rewards children for doing things that they might not otherwise do. Such a trust can be an effective estate planning tool, but there’s a fine line between encouraging positive behavior and controlling your children’s life choices. A trust that’s too restrictive may incite rebellion or invite lawsuits. Contact us for more details.