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Money and Finances
Reply to "Financial planning when you know you'll be inheriting a trust"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If the trust fund was in your name, why do you have to wait until your parents die? [/quote] It's set up so that my dad is the executor until he dies; he can give me access to funds if I need them now (to buy a house for instance), but we won't control the money until he's gone. [/quote] The trust is in your name but your dad is the Executor until he dies, even if you're 50 or 60 years old? Is there a separate one for your sister? Or the trust is in his name and he maintains control, and then it flows to you and your sister (split) when he dies? What if your mother is still living? It's kind of shitty if they set up a trust in your name but maintain control indefinitely. Would they consider restructuring it? [/quote]
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