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I was contacted by B of A telling me that I was a beneficiary in a trust that my Mother had created along with 3 other siblings. They told me that we I wasn't going to see any money until my sister turns 30. I have Cancer and are in desperate need of money. Is there any way I could get some money before she turns 30.
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Your mother could specify whatever terms she wished in her trust, and different clients will have different wishes. You must read the trust to determine what those wishes are. Sometimes a trust will split into separate trusts for each child, other times a trust will continue in effect until the youngest child attains a certain age. Often a trust will provide for "discretionary distributions" for a beneficiary's health, education, and support. But to determine what your mother actually did you must read the trust.
Answered on Oct 21st, 2013 at 3:15 PM