Recently, The Wall Street Journal consider the notion of goal-driven bequests in an article titled "How to Control Your Heirs From the Grave." Good news: there are steps you can take now to guarantee that certain preconditions are met before inherited assets can be released or used.
So, what might kind of "guarantees" do you want to ensure after you’re gone? That depends on you, your family, and what is of true importance to you. Maybe you want to curtail irresponsibility by calling for a drug test before receipt of an inheritance, or encourage responsibility by requiring a college degree.
Nevertheless, the are limits to the guarantees you can secure and the original article delves into some of them. Competent legal counsel should be secured to help you navigate the wealth transfer rapids.
Reference: The Wall Street Journal (August 10, 2012) "How to Control Your Heirs From the Grave"