Complications in Putting Unborn Spoiled Brats to Work: Using Lessons from Labor Supply Theory to Design Incentive Trusts by John Michael Grant

John Michael Grant, has made available for download his paper, “Complications in Putting Unborn Spoiled Brats to Work: Using Lessons from Labor Supply Theory to Design Incentive Trusts.”  The Abstract is as follows::

Labor Supply Theory has never been applied to estate planning, despite its relevance to the design of

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New Book Published: Social Security Works

Co-authors Nancy J. Altman and Eric R. Kingson have their new book on the social welfare system just published. Both of them are very supportive expanding the current social welfare system and believe that doing so will achieve “greater economic security for all of America’s working families.” They explained in … Continue reading

Private Trust Companies: Proceed With Caution

In response to a recent article about private trust companies (PTCs) on the Wall Street Journal, Kim Kamin comments that a PTC is indeed a good choice for ultra-high-net-worth families. However, she points out that the advantages of PTCs are generally limited to those who already have a fully … Continue reading

Facebook Chief Values Mistakes

Mark Zuckerberg, founder and chief executive of Facebook, addressed public questions at his second town hall meeting in Menlo Park, California, among which was his conception of making mistakes. He values mistakes as he said: “If you’re successful, most of the things you’ve done were wrong.” He also thought important … Continue reading

Pass of ABLE Act Sees Hope in Congress Hot Issues

The Achieving a Better Lifer Experience (ABLE) Act, which aims to remove bureaucratic obstacles to help Americans save for future, has passed Congress. Under the ABLE Act, people with disabilities are allowed a saving account up to $100,000 with tax-free treatment. Thus the ABLE Act helps pay for disability-related expenses … Continue reading

Why Objects Matter in Estate Planning

Tangible objects are often intertwined in family stories, symbolising certain milestones of a family’s journey as well as serving as a source of cohesiveness and tradition. Families should consider the  shifting significance of these objects caused by intergenerational transitions so as to avoid any potential conflict and/or litigation.

But on … Continue reading

How Perspective Is Influenced by Money

Money subconsciously affects our life and the way we treat other people. Our judgment about how much money a man owns through our observation of his house, his car or even his phone does not necessarily match the reality. As a wealthy man with net worth of $4.2 billion would … Continue reading