TEXT BELOW IS DIPLICATED FROM BASICS
REVISE
The idea is that if bonds exist Incentives may strengthen such bonds. And if bonds do not exist then some may be created.For example a good incentive could be for a member of the family to propagate the family ethos and its bonding by arranging regular gatherings and also creating an online presence where interaction may take place
Those making wills will have different relationships to consider. That of being a parent, grandparent, an uncle, a cousin , a friend etc. Reword as repeat from earlierThere are many couples and people who do not have children and Incentives are a good way of including nieces, nephews, cousins and others within the ambit of your estate planning and to create suitable Incentives for their benefit.
There is no reason why you cannot benefit close friends and their children and others near and dear, they might welcome the benefit of your good sense and your reward
As part of this process you may wish to consult the intended trustees to ascertain their views on Incentives. Where suitable you may also discuss aspects of your potential plans with your beneficiaries and take their views into account where sensible and not too distressing.
Much depends on the involvement you may wish the beneficiaries to have in this process and what value may be derived from that involvement. At times families may wish to discuss Incentives with other family members to obtain a better idea of the range of Inducements that could be offered, jointly and individually.
Those near and dear and those afar