Legal Question in Wills and Trusts in Georgia
if a will reads that you can not receive money for 12 years from time of its reading can this be true.
Asked on 6/24/10, 1:54 pm
2 Answers from Attorneys
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
No one here has read the will, so no one here knows what it says.
Answered on 6/24/10, 6:49 pm
First, I would have to see the will. However, it is very unlikely that the will itself provides for monies to be paid out after 12 years. Most estates are not open that long and the estate will not be kept open just to pay out funds. Instead, the will might create a testamentary trust and name a trustee or the court will construe the will as if had created a trust. No trust ever fails for want of a trustee so if the will fails to name one, the court will appoint one to dole out the funds afterr 12 years if there is a need to do this.
Answered on 6/25/10, 1:09 pm
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