It's Halloween season, and it's the perfect time to talk about hauntings, messages, and control from beyond the grave.
One method can be found in the tricks and treats of an estate planning tool called an incentive trust. According to experts, the use of incentive trusts became fashionable in the early 1990s. Today, they are as popular as peanut butter cups in late October.
What is an incentive trust all about? Simply put, an incentive trust allows beneficiaries to only get an inheritance by following the orders of their dead relatives.
Is That Even Legal?
Meet our guest, trust guru Sarah Clifford 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.
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about the author
Sarah Clifford is a shareholder at Gallagher & Kennedy, advising individuals, families, and business owners with their estate plans to help manage and preserve wealth and assets. Her experience includes probate and trust administration, including representation of high-net-worth clients with trusts and estates valued in excess of $20 million.