Most retirees would prefer to spend the rest of their days doing the things they've always wanted to do. After all, they would have acquired assets after a lifetime of financial planning, partnered with hard work and good saving habits. Though most would like to leave something behind for their children, not all workers believe that their children might be mature enough to handle a sizable financial inheritance. In fact, 40% of respondents aged 67 and older believed that their children would not be mature enough to administer one until they were at least 40 years old.
American workers who want to control what happens to their funds for their heirs even after they're gone can sign up for a trusteed IRA. In this set-up, beneficiaries receive the required payouts, but IRA holders control any distributions to prolong the life of the account over several generations. This gesture teaches an important lesson of financial management to the beneficiaries of the inheritance, so they will be ready and responsible enough to handle the funds from their parents.
http://www.usefs.com/proper-financial-planning-is-crucial-for-a-secure-financial-future/
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