Monday, April 10, 2017
Victoria J. Haneman recently published an Article entitled, Incorporation of Outcome-Based Learning Approaches into the Design of (Incentive) Trusts, 61 S.D. L. Rev. 404 (2016). Provided below is an abstract of the Article:
This essay is based on a panel discussion at the 2016 South Dakota Law Review Symposium: Asset Protection and Trust Innovations: South Dakota's Role in Paving the Way for Innovations Nationwide. The largest transfer of wealth in United States' history will occur over the next thirty years as the aging baby boomers prepare to transfer an estimated $30 trillion. A desire to balance privilege and personal responsibility is reflected in this generation's aversion to “trustafarians” and the seeming popularity of incentive trust provisions. Incentive trusts incorporate financial incentives and disincentives designed to encourage the positive behavior of a beneficiary.