It can be considered a strange world indeed when Hugh Hefner’s estate plan limits how much partying and what type of partying his heirs can do, according to Page Six in “Hugh Hefner demands that heirs stay sober.”
His trust contains provisions that allow the trustees to stop distributions to any beneficiary suspected of frequently taking illegal drugs or being dependent on alcohol or drugs. The trustees can even request drug testing and treatment of beneficiaries. If the beneficiaries stay sober for at least a year, the trustees can resume distributions.
These provisions in trusts are often called good behavior clauses. They are an increasingly popular way to make sure heirs of the wealthy do not waste their lives and inheritance money doing nothing productive.
The clauses are meant to ensure that the beneficiaries maintain their own careers and healthy lifestyles. Beyond just policing for drug use, good behavior clauses often require that beneficiaries stay in school, maintain jobs, raise a family and more.
An elder law attorney can advise you in creating an estate plan that meets your unique circumstances and could advise heirs on your behavior requirements.
Reference: Page Six (Dec. 21, 2017) “Hugh Hefner demands that heirs stay sober.”
