Thats probably the way to do it, the trusts, cause obviously people are not to be trusted
I've long since realized that death brings out the worst in people, at a time when it should bring out the best.
Look at all the drama and family disputes that happen due to inheritance.
I'm sure my kids will be cool about it, but I'm not leaving anything to chance. Well, I'm leaving a few things to chance, 'cause I have yet to set up trusts for them. I have a trust set up for my cars, but it only gives inheritance to Biff with my kids getting x-dollar amount to take a car out to remember me by. It doesn't establish stewardship beyond that. Basically, I left enough stocks/bonds so that the collection can be maintained even after I die - in perpetuity so long as the US remains solvent. It's similar with my guitars.
I need to establish a couple of LLCs in which to leave the trusts, with firm rules about controlling members and stipulations about growth and restrictions on selling.
Not in all people, but a large subset of people seem to turn in to greedy assholes when death happens
Fortunately, not all. I'm 99.9% certain that my kids will be awesome. I'm 99.8% certain they'd have been awesome even without my work of setting up trusts. I've made clear my wishes.
Even if I have unfinished business with said trusts and assets, I believe they'll do the right thing.
I have awesome kids.
Also, if they make me a promise on my deathbed, you can bet your ass they're going to keep it - unless I make them promise to do something retarded. Even if it's retarded, they might still do it.
"Smuggle me to Tibet for a sky burial!"
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