Do I Need to Set Up a Trust for My Kids?

About this episode

The episode discusses whether setting up a trust for children is necessary.

⁠⁠💵 Sign up for EveryDollar today - Create a free Budget!⁠⁠⁠⁠⁠⁠⁠ Listen to how ordinary people built extraordinary wealth - and how you can, too. You’ll learn how millionaires live on less than they make, avoid debt, invest, and are disciplined and responsible! Next Steps: 💰Need help with your investments? Connect with a SmartVestor Pro:⁠⁠ ⁠⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SmartVestor Investing Professionals⁠⁠⁠⁠⁠⁠⁠) #PaidEndorsement 📝Get your free copy of Ramsey’s Complete Guide to Investing: (⁠⁠⁠⁠⁠⁠⁠Ramsey's Complete Guide to Investing⁠⁠⁠⁠⁠⁠⁠) 🏦Take a retirement assessment to find out how much you’ll need to retire: (⁠⁠⁠⁠⁠⁠⁠Retire Inspired with the R:IQ Retirement Assessment⁠⁠⁠⁠⁠⁠⁠) 📈See how much your investments could be worth over time with this handy calculator: (⁠⁠⁠⁠⁠⁠⁠Investment Calculator⁠⁠⁠⁠⁠⁠⁠) 🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (⁠⁠⁠⁠⁠⁠⁠Ramsey Investing Tools and Resources⁠⁠⁠⁠⁠⁠⁠) Listen to more from Ramsey Network: 🎙️⁠ The Ramsey Show ⁠ 💸⁠ The Ramsey Show Highlights⁠ 🧠⁠ The Dr. John Delony Show⁠ 🍸⁠ Smart Money Happy Hour⁠ 💰⁠ George Kamel⁠ 🪑⁠ Front Row Seat with Ken Coleman⁠ 📈⁠ EntreLeadership⁠

People in this episode

Host: George Kamel

Topics covered

• trusts
• wealth building
• investing
• financial planning
• parenting
• budgeting

Keywords

• trust
• kids
• wealth
• investments
• financial planning
• budgeting
• EveryDollar

Sponsors

EveryDollar

Mentioned in this episode

Organizations: Ramsey Network, Ramsey Investing Hub

Products: EveryDollar, Ramsey’s Complete Guide to Investing, R:IQ Retirement Assessment, Investment Calculator

Books & works: The Ramsey Show, The Ramsey Show Highlights, The Dr. John Delony Show, Smart Money Happy Hour, Front Row Seat with Ken Coleman, EntreLeadership

More episodes of Ramsey Everyday Millionaires

• My Advisor Wants All My Money in the Market (Is That Too Risky?) · June 12, 2026 · 10 min
• Should I Take My Employer’s Offer of Deferred Equity Instead of a 401(k)? · June 10, 2026 · 6 min
• How Much Do I Need to Retire Comfortably? · June 8, 2026 · 10 min
• My Income Increased—Banks Want to Manage My Money (Who Do I Trust?) · June 5, 2026 · 10 min
• Is There a Better Investment Option Than CDs? · June 3, 2026 · 7 min
• We Just Inherited $2.5 Million—How Do We Manage It Wisely? · June 1, 2026 · 10 min