There is a well known phrase that says that as your children grow older the unconditional love that they have for you begins to gradually fade. Every phase of life has its demands and reaching retirement age can be one of the most challenging. There are too many people that are unwilling or unable to accept the fact that their children are need them less than they once did. The golden years take some adjustment and without kids and work to focus on, we found we needed a new purpose.
For people who want to prepare themselves for retirement and to get the best out of it, establishing a charitable trust is an excellent means to enjoy the twilight years. Changes in congressional law has made it increasingly simple to set up these trusts which protect your assets from the ravages of estate tax, while at the same time providing a purpose to people who might become bored and lethargic in retirement. There are many people out there in need of help and support, and not just financial. At the same time your family will be proud of you in the fact that you are doing something worthwhile in your twilight years.