On Wed, 16 Apr 2008 19:57:16 -0500, QueBarbara
<que.barbara.lanc@[EMAIL PROTECTED]
> wrote:
> It's my understanding, and this sentence appears to sup****t it, that
> trusts are set up to dispense money only 1) by a set amount on a
> regular basis, or 2) if there are extenuating cir***stances (medical
> needs, frex.). Is this correct, and if so, who decides what amount is
> dispensed on a regular basis? Apologies if I've asked too personal of
> a question.
That's a spendthrift trust or a trust for a minor, not a living trust.
There are no such limits on living trusts; you can blow the whole
thing a nickel at a time in Vegas slot machines if you want to.
Mary "And I'm sure some people do"
--
Mary Shafer Retired aerospace research engineer
We didn't just do weird stuff at Dryden, we wrote re****ts about it.
reunite.gondwana@[EMAIL PROTECTED]
or miliff@[EMAIL PROTECTED]
my blog at http://thedigitalknitter.blogspot.com/
|
