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QUESTION

Can a pooled trust fund be terminated?

Asked on Aug 17th, 2018 on Trusts and Estates - New York
More details to this question:
My disabled uncle was talked into joining a pooled trust. He wants to take money out to move to another state. They will not allow him to have money to move. Is there a way to terminate the trust fund?
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1 ANSWER

Sharon M. Siegel
Estate Planning Attorney serving New York, NY
Partner at Siegel & Siegel, P.C.
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Yes, but it takes a Supreme Court petition and the consent of all beneficiaries.
Answered on Aug 18th, 2018 at 2:21 PM
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