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Focus on Finance: Motivate your heirs with an incentive trust

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Question: I want to set up a trust for my son but honestly I worry about how responsible he would be with the money. Are there any “safeguards” I can put in place to ensure the money would last?
Answer: Like most Americans with assets that they intend to leave to their heirs, you have worked hard to accumulate what you have. And while you can feel good about leaving your designated heirs with a financial legacy, you may have some reservations about their ability to use their inheritances wisely.


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