Influencing your heirs – 4 tips for an effective incentive trust
Abstract: Estate planning isn’t just about sharing wealth with the younger generation. For many people, it’s equally important to share one’s values and to encourage their children or other heirs to lead responsible, productive and fulfilling lives. One tool for achieving this goal is an incentive trust, which conditions distributions on certain behaviors or achievements that you wish to inspire. This article explores four strategies that can increase the effectiveness of an incentive trust.