Some people are deciding that the gift of travel is something they want to leave their families behind. People leaving Travel experiences in their will are becoming more and more common.
Jim Bendt, president of Travel Beyond Minneapolis said to USA Today, ""You could give them money and they could go and buy a new car with it, or you could give them this and they can use it to create memories."
Margaret Cronin who is a parther with the lawfirm, Leonard, Street and Deinard said to USA Today that giving people the gift of travel may also provide benefits. Some people who give their children travel in their will want them to be able to connect with their heritage a culture or religion. Some travel trusts allow children to study or take courses in countries while others promote philanthropic travel such as a trust that would only allow someone to use it to do philanthropic work in India.
Avi Kestenbaum, a trust and estate specialist with the New York-based law firm Meltzer Lippe Goldstein & Breistone said that he estimates that the has set up 10 travel related trusts in the plast 15 years.
Lee Liebman and her family have been able to go on multiple trips because of his father's trust. He realized that he had two daughters in Israel and one son in the U.S. so the cost of plane tickets might prevent his family from visiting one another. At a family dinner in the year 2000 he announced that once a year he and his wife would pay up to $800 per passenger for the family members to visit eachother and he said that it would continue even after he passes away.
He passed away unexpectedly but this wonderful gift he gave his children still remains. The money has been used by his children for five family celebrations in Israel and the U.S.
This article is copyrighted by Travelers Today, the travel news leader
