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If funds need to be used that are in a trust how do you get the funds out?

In: Small Business and Entrepreneurship, Estates, How-To [Edit categories]

Answer:

Funds that are held in trust are under the complete control of the trustee. The provisions of the trust dictate how the trustee will manage those funds. You need to review the terms of the trust with the trustee and determine how and if the funds can be accessed. If the terms of the trust are insufficient or there is no provision under which the trust property can be accessed then a court of equity has the power to modify the trust. You may need to seek the advice of an attorney who is familiar with trust law in your state.

First answer by Kluss. Last edit by Kluss. Contributor trust: 696 [recommend contributor ]. Question popularity: 2 [recommend question].

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