Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

A Member of the Law Professor Blogs Network

Tuesday, January 31, 2006

Incentive Trusts

The benefits of creating inventive trusts discussed in Catherine M. Allchin, In Some Trusts, the Heirs Must Work for the Money, NY Times, Jan. 29, 2006.

The articles explains that to receive benefits, beneficiaries "must reach milestones or take actions. For example, children might receive a $25,000 bonus when they graduate from college or marry. Or they might receive funds matching money they earn."

The article also explains that "[c]ritics, however, call incentive trusts too inflexible and say that some parents can be too controlling."

Special thanks to Prof. Joel C. Dobris of the University of California -- Davis for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2006/01/incentive_trust.html

Trusts | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d8355b907f69e2

Listed below are links to weblogs that reference Incentive Trusts:

Comments

Post a comment