You will be better served to create a trust that rewards your adult children for achieving results than to use money to control every aspect of their lives.

There is an old saying, quite true, that wealth is difficult to amass but easy to squander … especially by those who did not earn it. Many parents – and grandparents – come to us asking how they can leave an inheritance to their loved ones, without “spoiling” them. They want the fruit of their labors – the wealth they pass on – to inspire their loved ones to greater causes, and not cause that dread disease known as “affluenza.” Incentive trusts offer an opportunity to try and nudge younger generations to solid values, but as explained in a recent…

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