Episode 269: Mailbag: Should I Set Up a Trust to Save My Kids Inheritance Taxes?

We’re back with another mailbag episode! In this week’s edition, we’re tackling 3 great questions from listeners like you. These episodes are some of David's favorites, as they provide a chance to dive deep into key topics and explore the finer details.

Ted is curious about how to manage the wealth he'll leave behind for his children. Roger is wondering if setting up a trust is the best way to help minimize the tax burden on his kids when they inherit his accounts. There are valuable lessons for everyone in this conversation, so don’t miss out on what you can learn today!

Here are the questions we tackle in today’s show:

❓ “How can I determine how much money I can leave behind for my kids without compromising my retirement?”

❓ "My job might have layoffs with a severance package equal to a year's salary. Am I foolish for hoping to get laid off?"

❓“Should I set up a trust to help my kids save money on taxes when they inherit my investment accounts?”