We each have trusts and each of us are co-trustees of our individual trusts with our two children following. In our distribution section everything is spelled out as what goes to whom as far as any belongings of value. The financial distribution is spelled out clearly and we have had a meeting with everyone so they all know what they will get and what happens when we are gone. They also know that no one can use any of our assets as collateral for loans, etc. We discussed at our meeting the possibility of being taken advantage of if demential sets in and discussed ways to safeguard that at the earliest signs. At around 80 we have now distributed most of what we have that we no longer use or see no future need for and all seem to be happy with that so there will be no arguing over who get's what. Next year we will begin financial distributions and that will continue as long as we live or when we get to the point of having only enough left to cover extended home health care and/or living expenses. So, unless we end up with in-laws that turned into outlaws all should go very well.
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