Incentive Trusts: The Good, The Bad and The Ugly
By John A. Warnick
I think that the life of the Incentive Trust is anything but uninteresting. Trustees working with incentive trusts report very interesting drama in the lives of the beneficiaries they serve. Perhaps some of the controlling schemes that clients come up with have made you chuckle. You may also agree with my conclusion that incentive trusts gone awry can lead to one of the greatest tragedies estate planners have to witness- wasted lives and fractured families. So, in the life of an incentive trust we may find drama, comedy, and perhaps tragedy behind the legal form.
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