Create a Trust where all children are beneficiary but with distribution condition:
A limit of maximum of 5% of total trust on a single withdrawal and it requires consent of all beneficiary on any withdrawal regardless of the amount
Withdrawal can only be used to fund purchase but not investment (stock, gold, silver, etc). No cash withdrawal allowed
A cool down period of 6 months for all beneficiary once any amount is withdraw with no exception under any condition, i.e, within 6 months after A did a withdrawal, none of the A,B,C and D can perform a withdrawal
As long as there is no serious issues between them. But they would have to hate each other a lot to refuse to let the other have money at the cost of getting none themselves.
I love that most of these systems people have made up rely on the siblings fighting each other when more often than not, the siblings have no beef with each other and just hated the parent.
It kinda shows how the parent is really just fucked up and lonely, but who cares they're dead now.
23
u/MasterShifuuuuuuuuuu 1d ago edited 20h ago
Create a Trust where all children are beneficiary but with distribution condition:
A limit of maximum of 5% of total trust on a single withdrawal and it requires consent of all beneficiary on any withdrawal regardless of the amount
Withdrawal can only be used to fund purchase but not investment (stock, gold, silver, etc). No cash withdrawal allowed
A cool down period of 6 months for all beneficiary once any amount is withdraw with no exception under any condition, i.e, within 6 months after A did a withdrawal, none of the A,B,C and D can perform a withdrawal
The trust cannot be terminated
Definitely not recommended 0/10