Legal Question in Wills and Trusts in Ohio
Mom's Trust
Long story short, my mom has
burned through the money my dad
left her in a trust and she's down to
about $130,000. She wants to
dissolve the trust, managed by a
major bank, and use the money to
pay cash for a house before the stock
market causes her to lose the rest of
her money. How can she do this?
Asked on 1/26/09, 7:03 pm
1 Answer from Attorneys
Christine Socrates
Meyers, Roman, Friedberg & Lewis
Re: Mom's Trust
It depends on the provisions in the trust. The trust document established by your father will govern what she is able to do. Without that document there is no way to answer that question.
Answered on 1/26/09, 7:53 pm
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