Facilitating Productive and Healthy Beneficiaries: The Beneficiary Well-Being Trust

On this podcast, Steve often explores ways to establish and administer trusts to facilitate productive and healthy beneficiaries. This episode explores a particular structure to further this goal: a “beneficiary well-being trust,” now authorized under Delaware law.

A beneficiary well-being trust authorizes, and could require, the trustee to provide programs for the beneficiary regarding any number of subjects, including financial literacy, investments, mental health, and family history and legacy. The episode also delves into ways trusts can serve these important goals — now and after a settlor’s gift or the settlor’s passing.