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Professor Sanford believes that if you are going to leave your children an inheritance when you die, as a general rule, if the children are
Professor Sanford believes that if you are going to leave your children an inheritance when you die, as a general rule, if the children are young, what does Sanford normally recommend that you do? Require that children first use their inheritance to buy a Corvette sports car and party for at least one-year so as to get-over the death of a parent. Leave the inheritance in a testamentary trust, first to be used for college education, and if there is anything remaining, will be distributed to the child at approximately age 25 and the remaining at age 30. Leave the inheritance in an inter vivos trust, where the inheritance will go to
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