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Incentive trusts

Helping young adults succeed with money

Posted on: October 30th, 2015
A recent Trusts & Estates posting by Kim Kamin helpfully discusses issues related to helping young adults, particularly those who are trust beneficiaries, succeed with money. Her thoughts echo the philosophy of DRC's practice: Recently, I had the pleasure of meeting and listening to Julie Lythcott-Haims, the author of the bestselling book, How to Raise an Adult. Her message is one of how affluent parents do their children a disservice by thinking of them as “kids” past a certain age and undermine their self-efficacy by doing things for them rather than expecting and trusting them to do for themselves....

Thinking about incentive trusts

Posted on: June 17th, 2015
In a recent Trusts & Estates article, "The Ultimiate in Dead Hand Control - Incentive Trusts," attorney Charles Redd considers "incentive trusts" and their potential uses. According to Mr. Redd, ...

What incentives should my trust include to motivate my children and grandchildren?

Posted on: October 14th, 2014
Posts: 1 All