Is there any way to get living expenses for a minor child in order to pay bills from a Trust Fund?
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P. W. Pasobrio loves Marines
ANSWERS: 2
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Pasobrio, I think at the age of seven the minor child can have a portion of the funds distributide into an account, I'm not sure what portion, but it's something to look into.
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Most trusts have specific terms regarding payment of income and principal. You really need to read the terms of the trust. All of the ones I draft have provisions for the invasion of principal for certain things such as health, education and certain living expenses. If the bank is the trustee, don't let them bully you. They want to keep the money as ling as possible. If the funds are needed for legitimate puposes for the beneficiary (per the terms of the trust) you should argue for them
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