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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Maurice H. Norcott who wrote (32054)	11/4/2019 4:03:32 PM
From: Max Fletcher	1 Recommendation Recommended By Graustus Read Replies (1) \| Respond to of 34328

“I'm sure if you wanted to spend the money for legal fees you could set up a trust that does exactly what you want and pays dividends out when the recipients reach a certain age.” I was hoping to do something like this. I spoke with a friend who is familiar with family trusts and he suggested you would need a substantial sum (certainly far more than I am talking) to make it worthwhile, due to all the legal, accounting and fiduciary fees and issues to consider. My friend also said that it is impossible to predict all the various contingencies that might happen after I am gone, and to give instructions in advance on how to handle them. I will keep looking around for other opinions/options on how to handle this. Interesting discuss for the board, and I appreciate the feedback.