Trust Fund Kids: does your wealth benefit your kids, or burden them?

Many wealthy Florida clients struggle — struggle– with the worry that their $$ will ruin their kids.

You may recall reports that late actor Phillip Seymour Hoffman’s estate plan had only one trust for one child and that there was commentary that he did not want to create trust funds babies (or words to that effect.)

Many Florida estate lawyers know this all too way.

How do you plan an estate so that your wealth benefits your children and does not burden them?

How do you keep the hustling and working hard and being productive?

Most clients don’t want their kids to lose ambition or the work ethic which helped them achieve such success.

There’s an interesting article on trust fund babies online, free, from Trusts & Estates magazine.  Here is the link:  http://wealthmanagement.com/estate-planning/beneficiary-s-choice