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Law Office of Michael Robinson, P.C.

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Estate Planning

What is an Incentive Trust?

August 9, 2010Estate Planning, Wills & Trusts

An incentive trust is basically an irrevocable trust that provides a monetary incentive for an heir to behave according to standards set forth in the trust document. Typically, incentive trusts can be used for heirs that you wish to provide for, but who may be addicted to drugs or alcohol, display criminal behavior, have trouble holding a job, or engage in other undesirable behaviors. An incentive trust must state the behavior that must be adhered to before trust assets are dispersed. You may … [Read more...] about What is an Incentive Trust?

Welcome to the Blog of The Law Office of Michael Robinson, P.C.

July 3, 2010Estate Planning

New blog posts coming soon! … [Read more...] about Welcome to the Blog of The Law Office of Michael Robinson, P.C.

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