Can you break up a trust earlier than expected? Can you receive your inheritance earlier than called for by the family trust? If you are interested in seeing if there is some way to break up a trust, whether you are a trustee or a trust beneficiary, consider this new, free, online trust video on breaking up trusts early.
Trusts as part of your estate plan: leaving wealth in trust
- In Florida a lot of probate lawyers Palm Beach write trusts to go along with wills and powers of attorney.
- So called revocable trusts are now a part of a basic estate plan according to estate planning lawyers in Palm Beach County, Florida
- Living trusts become irrevocable upon the death of the grantor, or the creator, sometimes referred to as the trust settlor
- Those revocable trusts pass property outside of Palm Beach probate
- So, consider that your brother, who lived in Delray Beach, Florida, just passed away and you get a notice of trust from some Boca Raton estate attorney telling you that you have six months to object to the trust
- The trust, which you read, says that your late brother left $1 Million in trust for you: but you only get the income from it in the discretion of the trustee
- Can you terminate that trust early?
- Can you break up the trust so you get your inheritance now, out of trust?
- Will the trustee write a check to you from the trust assets?
- Are you familiar with how to MODIFY a trust or how a court can change the terms of a trust under a special Florida Trust Law?
Here’s the link to the free video on breaking up trusts: http://www.youtube.com/watch?v=7T0Nc0feY3Q&feature=youtu.be