Legal Question in Wills and Trusts in California
a good friend has passed away, leaving me moveies in his trust. I think it is monies that will be sent monthly to me. my question is, if it is monthly payouts, what if I'd like to make a large purchase , like a home. is that possible if it has been set up as monthly payouts?
Asked on 12/03/14, 1:32 pm
2 Answers from Attorneys
Aaron Feldman
Feldman Law Group
How you receive money from a trust is controlled by the trust language. Generally, if the trust is set up to pay you a monthly amount, that is all you are entitled to receive. You should have an attorney review the trust to go over the provisions that are applicable to your situation.
Answered on 12/03/14, 1:46 pm
William Christian
Rodi Pollock
It is not possible to answer your question without seeing the trust instrument, which will contain the terms of your gift. Ask for a copy of the trust.
Answered on 12/03/14, 2:59 pm
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