Saturday, April 12, 2014

The trust states that my step dad can use the money for his health, maintenance and support taking in consideration any other sources of sup...

Question

The trust states that my step dad can use the money for his health, maintenance and support taking in consideration any other sources of support both principal and income. My two brothers and me are the beneficiaries. My step dad is also the trustee. He takes out money every month, one month he took out 50,000 to pay his taxes. He has at least 1 millon of his own money. since he has his own money can he keep getting out what ever he wants. He told us he could but that doesnt sound right.



Answer

call a local lawyer knowledgeable in Probate or trusts andestates...or call a trial lawyer..because it is a complex question and you need to take the trust to that lawyer to see what the trustee can and cannot do..



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