Reply to Im 40 years old and my parents still have yet to discuss in detail my trust fund.

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Reply to "Im 40 years old and my parents still have yet to discuss in detail my trust fund."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I sound entitled because I am entitled. They have told me about this trust fund for years just no details. [/quote]

There are different kinds of trusts. If it is a revocable trust that you have not yet received, you are not entitled to the money and it can be redistributed to other purposes and investments at any time. If it was an irrevocable trust, you would already know because there would be tax consequences to you.

[b]Very likely it is a trust that vests on the death of the second parent, making it a trust for their tax purposes but not much different from other inheritance from your perspective. [/b][/quote]

this.  there is a trust in your name, but there are probably no assets in it.  when the second-to-die parent dies, your trust will vest with whatever assets your parents designate in the trust instrument that still remain at the time of that parent's death.  so, it's possible that they have actually told you everything about the trust that there is to know - there is a trust.  what you get depends on what assets remain at the time of your parents' deaths. [/quote]

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