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Comment by nanijoe | Hacker News Reader

I hope this succeeds. I have 2 kids , and my basement is full of gifts from birthdays past, that they will probably never use. Now bear in mind that these gifts are from relatives with great intentions. If instead of those gifts, my kids had received a contribution to their trust funds , I think that would have been more beneficial.

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Jeff - Founder/CEO - This is exactly what we want to do. Most parents we've talked to have made the same comment. Saving for a child's future should be easy, and involving the child's family/social network is our goal.

I think people want to give physical things and experiences, which you can't really do by just giving money, especially money that can't be spent for decades. That's why you can give someone a Starbucks gift card, but it's not good to give them a visa gift card.

I think pairing "donations" with physical gifts is ideal. Parents should ask for gifts to be half as big, with the other half put into the trust.

Thanks for doing this!

I had fully intended to set up the trust ... the old hard way ... but this will make things easier.

Will you be offering trusts that can pass on digital assets?

Jeff - Founder/CEO - In the beginning we will only be able to accept deposits from a bank account. Taking on other assets would require more infrastructure and cost. We hope to expand and offer more trust products as we grow.

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