I'm thinking of starting a tradition where every one in my lineage would set up $1000 compounded for their great grand children and in return they get the money that was set up for them.
I know my family would have to wait three generations for the tradition to take into effect. My kids and grand children would also set up accounts but wont get any proceeds(because we're the first ones).
But, I wanted to know if this is a good idea or a bad one. Would there be legal challenges? Would inflation make this worthless?
Just a note: I am 18 and this is me thinking way too much. I don't even have a girlfriend. I understand that traditions die and I'm just wanting to know if this is a good idea logistically. If anything, it's a 1000 dollars down the drain as an experiment.
Submitted May 22, 2018 at 01:13PM by NotTryingToConYou https://ift.tt/2s5d5fB
