The TRICKS and TREATS of an “Incentive Trust”
It's Halloween season. It is the perfect time to talk about hauntings, messages and control from beyond the grave! OOOOOOOOH!
One method of control by the unliving over we mortals can be found in the tricks and treats of an estate planning tool called an incentive trust. The use of incentive trusts became fashionable, according to experts, in the early 1990s. Today, they are as popular peanut butter cups in late October.
What is an incentive trust all about? Simply put, an incentive trust makes it so beneficiaries only get an inheritance by following the orders of their dead relatives.
Is That Even Legal?
Meet our guest, trust guru Sarah Clifford (480-733-4800; sclifford@davismiles.com) as she tells the story of Tommy Manville, who tried to outsmart the dead. Did he succeed?
Can you use estate planning to “build character?” Can the dead control the living? Come with us to the great beyond…and find out. You can also watch this episode! https://www.youtube.com/watch?v=7vA8H7icbqo
