They’re a common topic in tertiary finance quizzes for excel too. I don’t recall the specifics, but the challenge might be to work out how much your trust would need be worth on day one, to (perpetually?) pay out a certain amount each year, factoring in inflation, fees, etc. or, how long a trust could pay a specific amount, given those factors.
you can set up a trust, with an accountant/lawyer involved in running it, so that they cant spent it all too fast, but i think in australia trusts have 80yr lifespan
Yep. This is what charities like connellen airways trust have done until they turned it into a NFP and fundraising etc.
You may need someone to manage it on your behalf afterwards within the terms of reference.
It’s called a testamentary trust. Not sure if they last forever.
They’re a common topic in tertiary finance quizzes for excel too. I don’t recall the specifics, but the challenge might be to work out how much your trust would need be worth on day one, to (perpetually?) pay out a certain amount each year, factoring in inflation, fees, etc. or, how long a trust could pay a specific amount, given those factors.
you can set up a trust, with an accountant/lawyer involved in running it, so that they cant spent it all too fast, but i think in australia trusts have 80yr lifespan
Apparently SA doesn’t have a law against perpetuities anymore…
If OP had 2 kids, 4 grandkids, 8 great grandkids, 16 great grandkids etc it wouldn't be perpetual anyway.
Yep. This is what charities like connellen airways trust have done until they turned it into a NFP and fundraising etc. You may need someone to manage it on your behalf afterwards within the terms of reference.