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Reply to "$$$ car for trust fund kid?"
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[quote=Anonymous][quote=Anonymous]I’m not sure where to post this. Teen with trust fund wants $$$ to buy their first car within the next three months. Trust fund will transfer completely to teen in about 12months. If you were trustee, what would you do? [/quote] Like he’s asking the trustee for a distribution of the car money? Or he’s asking you for the car money, but he’s about to have this trust he could use? If it’s the former, the trustee should just read the trust documents and act in good faith. If the terms are broad enough to include a distribution for a car, I see no point in waiting 12m. [/quote]
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