You've worked hard, saved well and amassed enough money to leave the kids a tidy sum. Should you attach strings that limit how or when they use it?
Thirty percent of wealthy Americans do just that. They use wills or trusts to reward certain types of behavior and discourage others by delaying or cutting off the supply of cash. Drawn up right, so-called "incentive trusts" perpetuate your values and help your heirs cultivate staggered payouts to deter youthful errors, mandatory drug testing, rewards for achievement, or even provisions for the trustee to be flexible.
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