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Reply to "3rd party fiduciary for Trust question"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If your two kids split it at 25, why would you think you could use this for private school or college? And why would you be the one interviewing anyone as a potential successor trustee?[/quote] That may or may not be true. The trust may provide for HEMS distributions in the interim with the balance distributed at 25 but of course no way to know without seeing the trust.[/quote] I’m basing what OP said: “the total of which will be split for my 2 kids upon turning age 25.” She didn’t say the remainder is to be split AND she said the trustee can deny her request for private school money: “The concern is that they will hold off on distribution of Trust and reject our request for private school tuition later next year. Not sure why they would but it [b]is their right to do so if they desire[/b].“ OP has engaged an attorney so I assume based on what she wrote, education expenses aren’t necessarily allowed, but may be discretionary in the trustee’s best judgment. [/quote]
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