Legal Question in Wills and Trusts in Texas
Principle in a Living Trust
What happens if you cannot live off just the interest in a living trust? Can the principle be accessed? Or are you out of luck!?!
Asked on 1/09/04, 4:33 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Principle in a Living Trust
It all depends upon what the trust instrument says. Is it revokable? Are you the trustee or simply the beneficiary? What limitations are placed on the trust itself? What is the stated purpose of the trust?
All these, and other factors, may be critical to your question.
Answered on 1/09/04, 10:19 pm
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