Incentive trusts stop professional heirs

Have you ever heard of rich children referred to as “professional heirs” by their peers? It’s not a term of endearment. Generally speaking, it means these people did not do anything but inherit money from their parents. They buy homes, cars and more with that money. They don’t work. They were simply given enough that they could

What is a spendthrift trust?

Thinking of leaving your assets to an heir who simply can’t control the way he or she spends money? Worried that your heir will blow through all of the money quickly, wasting what you’ve put together over the years, rather than using it wisely or saving it? Don’t worry. There’s a trust for that. A spendthrift

Trust funds aren’t just for rich people

For most people, the only time they’ve heard about trust funds is when the word “baby” is attached to it, as in “he is a trust fund baby.” But the fact is that there are a variety of trust funds available to you no matter the value of the asset you’re trying to protect. What

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