Saturday, August 23, 2014

In an early distribution from a trust to beneficiaries when grantor is still living (still under 5 million cap). Does the distribution have ...

Question

In an early distribution from a trust to beneficiaries when grantor is still living (still under 5 million cap). Does the distribution have to be at the same time as long as the amounts are equal. In other words could one beneficiary get a 100,000 distribution now, while another would wait for a year or two. Everyone would get the same amount, but just issued at a different time????



Answer

This depends on the trust instrument. With these amounts, you can afford to take it to an attorney and get your questions answered there.



No comments:

Post a Comment