California  |  Wills and Trusts

Legal Question

Asked on: 6/28/10, 8:11 am

Is it illegal for the trustee of a living will trust to spend trust funds not on the trust beneficiary, but instead on his own personal ventures (eg. real estate investments not deeded to the trust beneficiary or her estate, college tuition for his children, personal bills, etc.) I thought the trustee was obligated to apply any funds to needs and care of the trust beneficiary while they are alive, and upon the death of the trust beneficiary any proceeds are divided among the beneficiaries listed in the trust.

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