Early-70s retired couple with way more than enough (Pretty much infinity X). No kids. First version of trust has charities getting 65% and relatives 35%. Second version of trust will refine the relative list and make sure husbands of nieces can’t benefit and grand nieces/nephews can’t blow their wad of money.
Since retiring, we have increased our charitable giving and stepped up to assist family in need. Would like to really up the charitable in a big way, but we have to fund our VHCOL CCRC buy-in (through sales of home and equities) and exorbitant monthly fees while still maintaining an active lifestyle. So the big charitable giving won’t occur until we have more of a comfort level with our future in the CCRC. The reality is that we are being super cautious, but that trait is what has allowed us to accumulate our wealth.
Since retiring, we have increased our charitable giving and stepped up to assist family in need. Would like to really up the charitable in a big way, but we have to fund our VHCOL CCRC buy-in (through sales of home and equities) and exorbitant monthly fees while still maintaining an active lifestyle. So the big charitable giving won’t occur until we have more of a comfort level with our future in the CCRC. The reality is that we are being super cautious, but that trait is what has allowed us to accumulate our wealth.
Statistics: Posted by Cruise — Mon Feb 24, 2025 1:59 am — Replies 32 — Views 4806