Shomari Hearn posted an article Do Incentive Trusts Encourage Responsibility, Palisades Hudson Financial Group LLC, June 2011.
With a $5 million lifetime exemption, parents are transferring a large amount of money to their descendants. At the same time, many of these parents are setting up incentive trusts to teach their descendants a certain value system and responsibility. However, many beneficiaries do not developing the value system encouraged by the grantors of the incentive trusts.
Posted by Adam Fleischer, Associate Editor, Wealth Strategies Journal

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