A guiding light even after death – Pass your wealth and values on to loved ones with an incentive trust

Description

Abstract: It’s not uncommon for people to worry about what might happen if their children should inherit their wealth before they’ve gained experience and maturity. But this article shows that an incentive trust will allow parents to establish specific criteria for their children to meet before becoming eligible to receive the trust’s assets. The trust can mandate that the child meet particular personal or professional goals, and it can be set up to spread distributions over a set amount of time.