Practical, real-world information about wills, estates, inheritance, executors, and elder law in Canada
Friday, July 8, 2011
Preventing affluenza in your heirs
Posted by
Lynne Butler, BA LLB
Are you trying to leave an inheritance to someone without spoiling them or having them "blow" the inheritance you worked so hard to accumulate? This article from US lawyer Kyle Krull is a brief but excellent discussion of using trusts (specifically those known as incentive trusts) in your will to try to guide your children towards certain goals. I guarantee that if you are wondering if a trust is for you and you read this article, you will read things you hadn't thought of. Click here to read it.
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