Possibly but i want to make sure i am doing the right thing to get there.I am 39 years old, no child but plan on having one at some point.

They provide peace of mind knowing that your taxes are prepared correctly and can defend your filings if questioned.Benefits of a CPA for High-Income IndividualsTax Planning: CPAs do more than just prepare your taxes; they can offer year-round tax planning advice to help reduce your tax liability through strategic decisions about investments, deductions, and other financial moves.Customized Advice: A CPA can provide tailored advice based on your specific financial goals and life situation, such as planning for a child’s education, buying or selling real estate, or planning for retirement.Decision FactorsCost vs.

Move in with a relative to get some assistance with your child to and yourself.

I haven't found an answer to this specific question on BP or elsewhere online: if I die, and my SDIRA that holds investment property goes to my adult child, what are his/her options? 

This was a new phenomenon for them and the child had to stay in the hospital for several days while doing tests and healing.

If at that time a child wants to move into the property as their primary residence they will be able to keep the reduced property tax basis.  

@Kirstyn Indy - I would start off by calling the credit card(s) that you wish to add your child as an authorized user. 

Instead, open a Roth IRA for each child and deposit their income directly into the IRAs.

We are already a fortunately high net worth family. however, that is from my spouses W2 income, so at this stage we don’t really have anything tangible to “leave behind” and we want to try to build generational wealth for our child. 

That's a disaster waiting to happen.Unicorns are cute and all, but being a unicorn hunter is not a good career path.Now go, my child, and sin against the market no more.