The rationale is that rather than just leave money to your beneficiaries and let them spend it as they wish, inducing them to engage in tasks considered to be improving
people
They come in all shapes and sixes
Beneficiaries will naturally be of differing characters and persuasions, some better formed and informed than others and can range from the very spoilt to the fairly sensible.
process
Preparing the ground
The process of considering incentives may also help you whilst you are alive
implement
Best ways to be effective
We cover in more detail aspects of how incentives may be best implemented in our book on Estate Planning and Incentives
trusts
Who will guard the guardians
In terms of the Foundational Incentives, suitable trustees would have to be appointed to oversee proper implementation. Much will depend on the nature of the Incentive, the beneficiaries and the availability of suitable Trustees
categories
Dividing up the Incentives
ncentives can be divided into several categories. Our approach for this work is to divide them intoFoundational, Important, Simple and Fun
lists
Examples of Incentives
This is a selected list of 30 suggested Incentives which may appeal to you