When you set up a trust as part of your estate plan, you pick a trustee. This person is in charge of authorizing and distributing payments to the beneficiary. The beneficiary may have no ability to access the money on their own. These trusts can be designed with a...
Month: July 2023
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How might you be setting your will up for problems?
If you make a will you will be well ahead of many people. Yet, if you make it badly will, your advantage won’t be so clear. Here are some typical mistakes that people make that jeopardize the chance of their assets being distributed in the way they wish: Duplicate...
How do incentive trusts work?
An incentive trust is one that incentivizes the beneficiary to do a particular thing. They only receive the payout if they complete or achieve the thing or things you stipulate. A few examples might be they must graduate from law school, or they must get...