California | Wills and Trusts
10/01/09, 6:45 pm
Legal Question
Can distribution from a by-pass trust be made from the principal to the heirs prior to the death of the living spose?
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10/02/09, 3:06 pm
Legal Answer
It usually can, with the living spouse's consent or disclaimer. There's a tiny chance the trust may disallow it, so it should be reviewed to ensure any distribution is done according to the trust terms and conditions.
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Christopher B. Johnson, Attorney at Law 790 East Colorado Boulevard, Ninth Floor Pasadena, CA 91101
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