Savvy Senior: How an incentive trust can influence your heirs


November 13, 2023

Dear Savvy Senior,

What can you tell me about creating an incentive trust? I have an adult son and daughter that are both financially inept. Before I die, I want to put some type of requirements in place that they will need to follow in order to receive their portion of my estate.

Frustrated Father

Dear Frustrated,

If you want to influence your heirs even after you’re gone, an incentive trust...

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