Legal Question in Wills and Trusts in Connecticut

Distribution of Trust Funds

My parents set up a trust for

me when I was four to pay for

medical and educational

expenses. The trust consists of

stock shares, two mutual funds

and a money market account

currently estimated at

$58,000. The trust agreement

states that 1/3 will be

distrubuted at age 25; I turned

25 in January. My mother is

the trustee and has not yet

made the distrubution, as well

as has expressed her desire to

distribute the entire trust to

me. Can the trust some how be

dissolved if we are both in

agreeance (my father is

deceased)? Or is it just

possible to take the third and

make the other distributions at

ages 30 and 35?


Asked on 8/21/07, 12:04 pm

1 Answer from Attorneys
John Heffernan Heffernan Legal Group, LLP

Re: Distribution of Trust Funds

Assuming that this is a Connecticut trust, the settlor/trustee (your mother) and the beneficiary (you) can agree to dissolve the trust and distribute the proceeds to you free of the trust. If this is a testamentary trust (one set up in a will and overseen by the probate court), you should get probate court approval and file an accounting. If not, not.

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Answered on 8/21/07, 1:09 pm


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