I am the executrix to my fathers will. My father requested in the will to put disbursements to one of my brothers in a trust for me to invest, reinvest and distribute to him at my discretion. Can I just put the money in my name (my brother is totally fine with that) and invest for him (and have him as beneficiary) but draw down on it to disburse money to him? Or does it have to be actually set up into a trust (which I understand is costly).
Asked on 6/17/20, 7:48 am
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
Obviously , your father wanted some control over funds going to that son. If you have written consent from him, I see no issue.
Answered on 6/17/20, 8:09 am
David Slater
David P. Slater, Esq.
Obviously, your father wanted someone to control the distributions to that son. If you have his written consent, I see no issue.
Answered on 6/17/20, 8:11 am
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