Thank you for sharing that link. Maybe that is where I got the idea it might be a bad route. For the time being, I'm thinking we will leave things as they are. It's not that I don't trust my kids but neither have had any experience with dating and I am more concerned about who might try to take advantage of them. Their uncle would become the trustee and I don't know anyone more ethical than him. The trust is the contingent beneficiary and would only come into play if both my husband and I died at about the same time. A few years from now I can see possibly directly naming them as the contingent beneficiaries. I was wondering how the taxation worked on trusts. An article I was reading talked about D N I but I didn't quite grasp what constitutes D N I. Would the value of an IRA at the time it went into the trust be considered income to the trust or just the earnings generated after that point.
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