On 2, I was thinking of allowing the child as trustee of their own trust to distribute to themselves from the trust at their option for HEMS.
Yes, on 4 and 5 I meant the child to have that option and ability.
On 4, I thought it would only go into their estate if they actually did dissolve the trust, not if they merely had the option to do so...?
On 5, if they can't distribute income and they don't want to dissolve the trust itself, what good is them having a trust? Or are you hinting that they could distribute from trust principal?
(Some days you guys make me want to go to law school and learn all this myself directly.)
Yes, on 4 and 5 I meant the child to have that option and ability.
On 4, I thought it would only go into their estate if they actually did dissolve the trust, not if they merely had the option to do so...?
On 5, if they can't distribute income and they don't want to dissolve the trust itself, what good is them having a trust? Or are you hinting that they could distribute from trust principal?
(Some days you guys make me want to go to law school and learn all this myself directly.)
Statistics: Posted by secondcor521 — Fri Jun 28, 2024 12:17 am — Replies 2 — Views 278