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{"id":13776,"date":"2014-11-09T19:14:51","date_gmt":"2014-11-09T19:14:51","guid":{"rendered":"http:\/\/www.seonewswire.net\/2014\/11\/michigan-incentive-trusts-how-to-pass-values-to-the-next-generation\/"},"modified":"2014-11-09T19:14:51","modified_gmt":"2014-11-09T19:14:51","slug":"michigan-incentive-trusts-how-to-pass-values-to-the-next-generation","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2014\/11\/michigan-incentive-trusts-how-to-pass-values-to-the-next-generation\/","title":{"rendered":"Michigan Incentive Trusts | How to Pass Values to the Next Generation"},"content":{"rendered":"

\"MichiganWhen we sit down with a family to discuss estate planning, there is more to the discussion then just where the assets will go and to who. \u00a0It is important to discuss not only how, but more importantly why.<\/p>\n

The “Why” \u00a0Of Estate Planning<\/h1>\n

Before you drop thousands of dollars in developing a revocable living trust based plan, it’s important to think about why you’re doing the planning in the first place. \u00a0Oftentimes, it is about protection. \u00a0Protecting beneficiaries and loved ones from not only their poor financial mismanagement, but also protecting against the outside environment (law suits, creditor actions, divorces, etc).<\/p>\n

Incentives in Living Trusts<\/h1>\n

A great way to pass the values of one generation to the next is through the use of incentives in the trust. \u00a0An incentive is designed to encourage or discourage certain behaviors in the beneficiaries by using distributions of trust income or principal as a tool to try to (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

When we sit down with a family to discuss estate planning, there is more to the discussion then just where the assets will go and to who. \u00a0It is important to discuss not only how, but more importantly why. The…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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