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Reply to "Financial planning when you know you'll be inheriting a trust"
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[quote=Anonymous][quote=Anonymous]It sounds like he's the trustee, not executor. If your grandparents set up a GST, then you absolutely have the right to receive statements from the brokerage where the funds are held. If your grandparents have passed away, then you should be able to access the funds within reasonable limits. Generally, trusts are meant to pay for HEW: Health, Education & Welfare of the beneficiary. You should be using the funds for preschool tuition and nanny fees. Bring this up with your father so you can budget appropriately.[/quote] HEMS trusts are usually set up so that the trsutee MAY distribute the funds but does not have to. Depending on the state and language of the trust, she may have a right for reports buy may not.[/quote]
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