You have two adult children, Alissa and Tony. They are twins. At the time of their birth, you had set up a trust account designated to go to them when they turned 30. They are 29 years old now—happily married, each with two children. As twins, they share many of the same traits. But there is a significant difference between them. Alissa is a neurosurgeon, making $400,000-plus a year. And Tony is a violinist in a regional orchestra, making an eighth of that.
The trust account is worth $1 million. If you move forward as planned, Tony and Alissa will each be $500,000 richer on their next birthday. That will give Tony a net worth of $500,000 and Alissa a net worth of $1.5 million.
That’s a good outcome for both of them. But is it fair?
Read more HERE.
This article was printed in the July 7, 2024 edition of The Epoch Times. If you don’t subscribe you are missing out. Do it now!