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OT: incentive trust
User Forum Topic
Submitted by carlsbadworker on January 20, 2013 - 10:06am
Since there seems to be a lot of people who have created living trust here, I am wondering what you think of incentive trust. Basically, it is a trust that has a wide range of behavior goals to ensure that beneficiary will have financial independence beyond the inheritance monies (which we definitely need because we don't expect to have that much in the trust).
With incentive trust, you can have:
I like some aspects of the incentive trust but I don't want to control my kids' life. I don't know how they will turn out either because they are still very young. And I don't think I can foresee their future needs because each of them is different and they may want to be an entrepreneur or a housewife, or whatever make them happy. I don't want to push them into any direction except financial independence beyond the inheritance monies.
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