Brayden

Good afternoon. Thank you so much for taking my call. Sure. I have a bit of a unique situation, a little different than others. I'm in my late 70s. I'm quasi-retired. And I've amassed an estate a little north of $30 million. Way to go, Ray. Come on now. We have no debt. We have no mortgages. We have no credit card debt. Everything is paid. And we have approximately...

Good afternoon. Thank you so much for taking my call. Sure. I have a bit of a unique situation, a little different than others. I'm in my late 70s. I'm quasi-retired. And I've amassed an estate a little north of $30 million. Way to go, Ray. Come on now. We have no debt. We have no mortgages. We have no credit card debt. Everything is paid. And we have approximately...

17 million in cash and equities and the balance in property. My question is that we've set up a very, I think qualified estate plan with competent estate lawyers and the beneficiaries of my estate are approximately a third, a third, a third, my daughter and, um, um, my grandchildren and my wife, um, um,

17 million in cash and equities and the balance in property. My question is that we've set up a very, I think qualified estate plan with competent estate lawyers and the beneficiaries of my estate are approximately a third, a third, a third, my daughter and, um, um, my grandchildren and my wife, um, um,

17 million in cash and equities and the balance in property. My question is that we've set up a very, I think qualified estate plan with competent estate lawyers and the beneficiaries of my estate are approximately a third, a third, a third, my daughter and, um, um, my grandchildren and my wife, um, um,

The monies that are spinning off of our investments are more than my grandkids could legitimately or reasonably spend when they become of age. Right now the estate plan calls for up to $250,000 per annum for my grandchildren. By the way, my grandchildren are six and nine. Okay. So they're going to build a lot of wealth over the next several years.

The monies that are spinning off of our investments are more than my grandkids could legitimately or reasonably spend when they become of age. Right now the estate plan calls for up to $250,000 per annum for my grandchildren. By the way, my grandchildren are six and nine. Okay. So they're going to build a lot of wealth over the next several years.

The monies that are spinning off of our investments are more than my grandkids could legitimately or reasonably spend when they become of age. Right now the estate plan calls for up to $250,000 per annum for my grandchildren. By the way, my grandchildren are six and nine. Okay. So they're going to build a lot of wealth over the next several years.

Um, um, uh, when they're 21, they get a modest amount of money for five years and then at 25 they begin to kick in. My question, the simple one is $250,000 a year too much or too little given the fact that the, um, you know, the growth of the estate will be much larger than that.

Um, um, uh, when they're 21, they get a modest amount of money for five years and then at 25 they begin to kick in. My question, the simple one is $250,000 a year too much or too little given the fact that the, um, you know, the growth of the estate will be much larger than that.

Um, um, uh, when they're 21, they get a modest amount of money for five years and then at 25 they begin to kick in. My question, the simple one is $250,000 a year too much or too little given the fact that the, um, you know, the growth of the estate will be much larger than that.

I that is a good question I don't know that I can tell you if it's too much or too little I think that yeah I would return that with a question do you think it's too much or do you think it's too little or you think it's just right and why yeah throw it back at you well at this stage you know in our economy in our country I think it's just right but I'm concerned that there will be

I that is a good question I don't know that I can tell you if it's too much or too little I think that yeah I would return that with a question do you think it's too much or do you think it's too little or you think it's just right and why yeah throw it back at you well at this stage you know in our economy in our country I think it's just right but I'm concerned that there will be

I that is a good question I don't know that I can tell you if it's too much or too little I think that yeah I would return that with a question do you think it's too much or do you think it's too little or you think it's just right and why yeah throw it back at you well at this stage you know in our economy in our country I think it's just right but I'm concerned that there will be

the growth of the investment portfolio, you know, it'll be selfish not to let them grab more of it. And the whole reason for having an estate is to take care of the little ones, you know, in the future when you don't know what's going to happen.

the growth of the investment portfolio, you know, it'll be selfish not to let them grab more of it. And the whole reason for having an estate is to take care of the little ones, you know, in the future when you don't know what's going to happen.

the growth of the investment portfolio, you know, it'll be selfish not to let them grab more of it. And the whole reason for having an estate is to take care of the little ones, you know, in the future when you don't know what's going to happen.

Yes.

Yes.

Yes.