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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]You probably have to wait until either one or both parents die. If you were to get it at certain ages 18,21,25,30,35, etc., then you would know, and you'd already have it. Who is the trustee? Most likely, he can use it (and keep the income annually) for health and welfare. Which means he can spend it. My grandmother left me a trust that my aunt can use the income from while she's alive? She's also allowed to take principal distributions for her health and welfare. Guess what? She never saved for retirement and what do you think she's living on? Yep, "my" trust. I doubt I'll ever see any of it considering my grandmother died at 100. [/quote] No, honey. Your grandmother left your aunt a trust. If there is any money left when your aunt dies, your grandmother wanted you to get it rather than your aunts next door neighbor or husband. If you grandmother had wanted to leave you a trust, she very well could have.[/quote]
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