When Can You Access a Trust Fund? - CountyOffice.org

When Can You Access a Trust Fund? Understanding trust funds is essential for beneficiaries and trustees alike. In this informative video, we will clarify how trust funds work and the rules governing access to them. We will discuss the role of the grantor, who establishes the trust, and the responsibilities of the trustee in managing the trust assets according to the trust document. The video will cover various scenarios in which funds can be accessed, including specific expenses like healthcare and education.

Additionally, we will provide guidance on maintaining accurate records for all transactions and distributions, as this is vital for trustees to avoid personal liability. We will also highlight the importance of adhering to the grantor's wishes as outlined in the trust document when utilizing trust funds.

If you are involved with a trust fund, whether as a beneficiary or a trustee, this video will equip you with the knowledge you need to navigate the complexities of trust fund access. Join us for this essential discussion, and subscribe to our channel for more helpful information on legal matters and financial planning.

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