Hopefully you will have many years left to consider all the alternatives.^^^^^^^yes, I do hope to have many years to consider the alternatives like get marry and have children etc., however I must address issue at hand.Ignoring the insurance issue for the moment, your 150K at 29, will hopefully grow and at 11% with just $2,000 invest in a Roth or other retirement savings, you could be looking at $6.5 million in 35 years.^^^yes, my goal is to reach a million before the age of40 and 20 millions before the age of sixty.You could set up a foundation now with as little as $1 million - some people are doing it with less. The foundation could give 1 year scholarships to HS graduates from your home town who go to your alma mater. It could be yearly grants to schools who research something you value.^^^^with 150k net worth I couldn't do that, but as my net worth increases I will have more options and I am looking at my church, scholarship, boy scouts,trust fund to build my community etc...With the replies from fellow Fools, and discussions with my sisters, I now have a perspective from parents. And my conclusion is not to leave anything for my family. I came to this country in 1980at the age of 9 with no English. I see in this country opportunities are out there, you just have to work hard and go out and grab them. I got where I am today with the generosity of Americans, and whatever, I make in my lifetime will return to help others who need help under the names of those who had helped me.Leaving one's assets to charity is a big break in tradition for my family and my culture, but the picture is very clear at this point.As a parent and grandparent, we will be leaving money to our four children as well a 1/4 of our assets to the church we belong. We have set up a trust which will dole out the inheritance at 3 ages, 23,30, and 35 to our children.^^^^^^^^^^^^^^^^We don't care what they spend it on and our hope is that at the age of 30 and 35, they will not squander it.^^^^^will you explain the logic of leaving your children money at a different stage????I suggest that you begin reading books on estate planning, charity giving, and foundations.^^^^^I am reading a book now on wills and trusts, do you have any good books in this topic, recommendations for me to read.thank you for replyingntp07
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